This turn-key, fully renovated triplex offers a perfect blend of modern updates and strong financial performance with a 6% cap rate and 24.24% expense ratio. Featuring one (1) spacious 3-bedroom unit and two (2) stylish 2-bedroom units, this triplex is fully rented with exceptional tenants. In a prime central St. Catharines location, walking distance to Prince of Wales Public School, Lester B. Pearson Park, and the shops along Facer Street, with the added convenience of easy highway access to the Q.E.W. and just minutes to the downtown. Updates include: Main Floor Unit Renovation (2020 – kitchen, bathroom, floors, windows and doors), Second Floor Unit Renovation (2020 – kitchen, bathroom, floors, windows and doors), Lower Level Unit Renovation (2022 – kitchen, bathroom, flooring, plumbing, lighting), Asphalt Shingle Roof (2018), Front Porch (2018), Interlock Driveway, Side Courtyard and Backyard Patio, fencing and gates (2019), Boiler (2020), Soffit, Eaves, Flashing, Downspouts (2021), Plumbing – New Sewer Lateral (2022), Electrical Breaker Panels – separated for each individual unit (2022). The recent upgrades and low maintenance requirements make 65 Parkview Road an attractive opportunity for investors. Properties like this don’t hit the market often. Don’t miss your chance to own one of the nicest triplexes on the market! (id:47423)
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Detailed Information
Bedrooms
7
Bathrooms
3
Lot
40 x 95 ft
Amenities Nearby
Public Transit, Schools, Shopping
Community Features
High Traffic Area
Equipment
Water Heater
Listing Contract Date
2024-10-04
Location Description
The subject property is located on the west side of Parkview Road between Facer Street and Welland Avenue.
Ownership Type
Freehold
# of Parking Spaces
2
Property Type
Multi-family
Rental Equipment
Water Heater
Structures
Shed, Porch
Transaction Type
For sale
Zoning Description
R2
Building
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1953
Cooling Type
Ductless
Exterior Finish
Aluminum siding, Stone, Stucco
Foundation Type
Block
Heating Fuel
Natural gas
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Access Type
Road access, Highway access
Amenities
Public Transit, Schools, Shopping
Sewer
Municipal sewage system
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