Welcome to your next investment venture with 6.5% cap rate in the heart of St. Catharines! This exceptional property presents a lucrative opportunity for savvy investors. Boasting 4/5 vacant residential units -including two spacious one-bedroom units and three versatile bachelor suites - and a thriving laundromat business on the main floor, equipped with 21 washer and dryer units, this property is primed for immediate income generation. Plus, with the potential to add a sixth unit in the basement, the possibilities for maximizing returns are endless. Updated boiler systems, approved permits, and a detached structure with neighbouring properties undergoing redevelopment plans further elevate its value. Data room available in brochuer link **** EXTRAS **** Located on a main thoroughfare with its own future redevelopment potential, this property promises not just immediate cash flow but also long-term growth prospects. Don't miss out on this rare investment gem in booming St. Catharines (id:47423)
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Detailed Information
Bedrooms
7+1
Bathrooms
5
Listing Contract Date
2024-02-14
Ownership Type
Freehold
# of Parking Spaces
8
Property Type
Single Family
Transaction Type
For sale
Building
Basement Development
Partially finished
Basement Features
Separate entrance
Basement Type
N/A (Partially finished)
Construction Style (Attachment)
Detached
Cooling Type
Central air conditioning
Exterior Finish
Brick, Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
House
Land
Total Size
33.07 x 100.22 FT ; 24.85Ftx39.19Ftx100.22Ftx33.07Ftx99.91Ft
Size of Irregular Land
33.07 x 100.22 FT ; 24.85Ftx39.19Ftx100.22Ftx33.07Ftx99.91Ft
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