331 Queenston Street, St. Catharines, ON
L2P 2X8
Listed November 7, 2026
About this property
EXCEPTIONAL INVESTMENT & DEVELOPMENT OPPORTUNITY - 6-BEDROOM HOME GENERATING $4,750 MONTHLY WITH POTENTIAL FOR UP TO 24 RESIDENTIAL UNITS! Welcome to 331 Queenston Street, St. Catharines, an outstanding income-producing property offering an exceptional combination of immediate cash flow, generous lot size and exciting future development potential. Currently generating $4,750 MONTHLY ($57,000 ANNUALLY) in gross rental income, this spacious three-storey home sits on an impressive lot extending approximately 305 FEET DEEP, offering a rare opportunity for investors, builders and developers. With zoning permitting the potential development of UP TO 24 RESIDENTIAL UNITS, subject to municipal approvals and development requirements, this property presents significant possibilities for future intensification while generating rental income today. The existing residence features 6 generously sized bedrooms, 2 full bathrooms and an abundance of functional living space across three levels. The main floor offers a spacious living room, a well-appointed kitchen equipped with a gas stove, refrigerator and dishwasher, two bedrooms, convenient main-floor laundry and an inviting enclosed porch. The second level features three additional bedrooms and a four-piece bathroom, while the third floor offers a spacious loft-style sixth bedroom complete with vaulted ceilings, exposed architectural beams and built-in storage. Throughout the home, you'll appreciate the character of the original wood trim, attractive flooring, generous room sizes and functional layout.
Features
Property Details
Listing
Property
Location
Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 331 Queenston Street — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$130,000 · Minimum $40,000
Use the rate your lender or broker quotes you.
Monthly costs
From the listing (2025 tax bill).
Leave at $0 if there isn't one.
Typical for this kind of home.
Hydro, heating, water and sewer.
About 1% of the price a year, set aside.
One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$4,296/mo
About $51,552 a year
- $2,875
- $424
- Home insurance$125
- Utilities$330
- Maintenance & repairs$542
Cash needed to close
- Down payment (20%)
- $130,000
- Ontario land transfer tax
- $9,475
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $141,975
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
331 Queenston Street, St. Catharines, ON
Map data © GoogleOpen in Google Maps ↗
Similar Properties Nearby
View all →
For SaleSt. Catharines
$649,900
196 King Street
For SaleSt. Catharines
$649,900
13 Royal Manor Drive
For SaleVirtual tourSt. Catharines
$649,900
Address Available Upon Request
For SaleVirtual tourSt. Catharines
$649,900
9 Jill Court
For SaleVideo tourSt. Catharines
$649,900
37 Harcove Street
For SaleVideo tourSt. Catharines
$649,000
234 Pelham Road
Last Updated: November 7, 2026
Listing Office: The Agency
This listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.