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 lo...t 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.
Full Property Details
Interior
Bedrooms
6
Total Bedrooms
6
Washrooms
2
Square Footage
1500-2000 sqft
Basement
Full
Heating Source
Gas
Heating Fuel
Water
Air Conditioning
Other
Family Room
Yes
Kitchens
1
Total Kitchens
1
Fireplace Features
Yes
Bedrooms
6
Total Bedrooms
6
Washrooms
2
Square Footage
1500-2000 sqft
Basement
Full
Heating Source
Gas
Heating Fuel
Water
Air Conditioning
Other
Family Room
Yes
Kitchens
1
Total Kitchens
1
Fireplace Features
Yes
Exterior
Depth
325.84
Front
87.7
Driveway
Private Double
Lot Size
88 x 325.84 ft
Pool
None
Parking Spaces
6
Total Parking Spaces
6.00
Parking Description
None
Garage Spaces
0
Zoning
QUEENSTON APARTMENTS INC.
Depth
325.84
Front
87.7
Driveway
Private Double
Lot Size
88 x 325.84 ft
Pool
None
Parking Spaces
6
Total Parking Spaces
6.00
Parking Description
None
Garage Spaces
0
Zoning
QUEENSTON APARTMENTS INC.
Building Description
Style
2-Storey
Home Type
House
Subtype
Detached
Property Orientation
South
Exterior Finish
Brick,Wood
Sewers
Sewer
Water Supply
Municipal
Possession Date
11/18/2026
Style
2-Storey
Home Type
House
Subtype
Detached
Property Orientation
South
Exterior Finish
Brick,Wood
Sewers
Sewer
Water Supply
Municipal
Possession Date
11/18/2026
Community
Community
E. Chester
Community
E. Chester
Taxes & Fees
Taxes
$5,087 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$5,087 /yr
Tax Year
2025
Occupancy
Tenant
Room Types
Bathroom
4 Pc Bath
Dimensions 6.2 x 6.92 feet
42.9 sqft
Bedroom
2 Pc Ensuite
Dimensions 13.29 x 11.52 feet
153.1 sqft
Bedroom
-
Dimensions 8.89 x 28.31 feet
251.68 sqft
Bedroom 2
-
Dimensions 11.15 x 13.52 feet
150.75 sqft
Bedroom 3
-
Dimensions 10.5 x 11.19 feet
117.49 sqft
Bedroom 4
-
Dimensions 10.4 x 18.6 feet
193.44 sqft
Bedroom 5
-
Dimensions 11.42 x 10.7 feet
122.19 sqft
Foyer
-
Dimensions 5.09 x 10.24 feet
52.12 sqft
Kitchen
-
Dimensions 12.99 x 10.47 feet
136.01 sqft
Laundry
-
Dimensions 12.96 x 7.81 feet
101.22 sqft
Living Room
-
Dimensions 12.99 x 22.41 feet
291.11 sqft
Mud Room
-
Dimensions 7.87 x 17.39 feet
136.86 sqft
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