647-929-8807
50
22 ACADEMY STREET
$1,349,000 Sale
Listed 13 hours ago
· 0
· 0.0
· 7
· 10835
Key Facts
Key facts for 22 ACADEMY STREET
Property Type
Commercial
Parking
Garage: No, 7 parking
MLS #
X12359683
Size
10835 sqft
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
A landmark presence in the downtown streetscape, this Victorian-era brick building offers unmatched character in a location built for visibility. Known as the Winchester-Larkin House, it's a striking part of the city's architectural heritage and a fascinating piece of local history. Lucius D. Winche...ster, a tinsmith and deacon, purchased the property in 1845. In 1872, it was acquired by Captain Patrick Larkin, a mariner who sailed the Great Lakes out of St. Catharines. Under his ownership, the home took on the fine woodwork, stained glass, and craftsmanship that still define its presence today, with its heritage designation. Zoned M2 and located steps from the bus terminal in the heart of downtown, the property offers approx. 10,835 sqft above grade plus unfinished basement space. To support the next chapter for this landmark property, the seller is open to a 3-year VTB, providing flexibility for investors or owner-users. The main floor is a commercial space outfitted with 2 commercial kitchens, a full bar, dining areas, and large open zones. With multiple entrances, the layout easily lends itself to a multi-tenant setup or use as a single large space. The second floor includes 3 residential units. There is potential for a 4th unit on the main level, providing strong rental upside. This property is well-equipped with 400amp service to the commercial space and 200amp to the apartments. It includes an industrial water tank (less than 10 years old), water filtration system, approx. 1.5-2 inch water feed, two grease traps, chillers for pop guns in the basement, and a set-up for bar kegs. Fire safety infrastructure is in place, including a fire safety plan, fire suppression systems, interconnected fire pulls, and exits in each residential unit. There are 7 parking spaces, with ample public parking nearby. For investors seeking a high-visibility property with historical significance, robust systems, and long-term potential, this building tells a story worth continuing. (id:10452)
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Listing courtesy of: ROYAL LEPAGE NRC REALTY
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