$2,250,000 FOR SALE

Investment

Lot: 70.3 x 161.95 ftTotal Area: 10,107 ft2
2023 Taxes: $18,848.87

26 Gale Cres
St. Catharines, ON L2R 3K9 | Niagara

Step into the practicality and comfort of 26 Gale Crescent, a modest yet well-appointed three-story apartment building. This sturdy structure boasts a commitment to upkeep, evident in its neatly maintained premises.Security is a priority here, with surveillance cameras strategically placed in the interior and exterior of the building. The building contains 12 units, with 8 recently renovated and vacant. Each unit is equipped with its own meter, offering residents the convenience of managing their own utilities independently. Parking is hassle-free, with plenty of space available at the rear of the building. Recent updates made to the mechanical room. This property comes with a commendable cap rate exceeding 6% which makes this investment opportunity stand out in the market.Don't overlook the potential of owning this building. Seize the opportunity before it's gone!

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Listed By SOTHEBY`S INTERNATIONAL REALTY CANADA
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8342778
Last Updated May 21, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 6 to 12 Units
Category Apartment
Legal Description Cp 2 Pt Lot 3551
Occupancy Tenant
Possession Date IMMEDIATE
Taxes (2023) $18,848.87
Tax Type Annual
Directions/Cross Streets Geneva St And Gale Crescent
Area Niagara
Price History
Interested in obtaining the full price history for this property?
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Detailed Information
Freestanding Y
Lot 70.3 x 161.95 ft
Total Area 10,107 ft2
Elevator None
Air Conditioning N
Basement Y
Garage Type Outside/Surface
Parking Spaces 8
Heat Type Gas Hot Water
Water Expense $4,187
Heat Expenses $1,527
Insurance Expense $8,374
Taxes Expense $18,849
Year Expenses $2,023
Expenses Actual/Estimated Est
Outside Storage N
Sprinklers N
Sewers San+Storm
Utilities Y
Water Municipal
Crane N
Survey N
Lot/Bldg/Unit Code Lot
Zoning Multi-Residential R3
Seller Property Info Statement N

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