




42 St. Paul Street, St. Catharines, ON
L2S 2C2
Listed July 21, 2026
About this property
Unlock the potential of this exceptional infill development site at 42 St. Paul Street West, ideally located just minutes from Downtown St. Catharines, the GO Station, Ridley College, Ridley Heights, and the Marotta Family Hospital. This vacant 53' x 179' (approx.) lot is zoned M1 and presents an outstanding opportunity for developers and investors looking to capitalize on the growing demand for quality rental housing. The property includes an approved design concept for a 3-storey, 8 unit apartment building, featuring eight spacious 2-bedroom, 1-bathroom suites. The proposed scale offers an achievable and cost-effective development opportunity, making it well suited for small to mid-sized developers seeking a manageable project in a strong rental market. Site Plan, Grading and Servicing Plan and Planning Report available for review. Its central location provides residents with convenient access to public transit, major employment centres, schools, healthcare, shopping, restaurants, and recreational amenities, making it an attractive location for long-term tenants. Whether you're expanding your development portfolio or seeking your next purpose-built rental project, this property offers the ideal combination of location, zoning, and development potential in one of Niagara's fastest-growing urban markets.
Property Details
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Location
Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 42 St. Paul Street — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$119,800 · Minimum $119,800
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From the listing (2026 tax bill).
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One-time costs
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Estimated monthly cost of ownership
$3,082/mo
About $36,984 a year
- $2,650
- $432
Cash needed to close
- Down payment (20%)
- $119,800
- Ontario land transfer tax
- $8,455
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $130,755
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
42 St. Paul Street, St. Catharines, ON
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Last Updated: July 21, 2026
Listing Office: ROYAL LEPAGE NRC REALTY
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