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• 78 Geneva St, St. Catharines, ON L2R 4M9

$999,800 ^{FOR SALE}

Investment

Lot: 33.07 x 100.22 ftTotal Area: 3,450 ft²
2023 Taxes: $3,549.59Maintenance Fees: $1,500

78 Geneva St
St. Catharines, ON L2R 4M9 | Niagara

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Welcome to a prime investment in downtown St. Catharines! Priced at a 6.11% cap rate with high rental potential. This property features 4/5 vacant residential units: two junior one-bedrooms and three large one-bedrooms, all recently renovated with new floors, kitchens, washrooms, and paint. The projected rent for 1 bedroom is $1200 & $1400. The main floor houses a fully operational laundromat with 8 washers and 4 double-stacked dryers, offering steady income. Additional features include a new radiant hot water heating system, updated boiler systems, and fresh exterior paint with a newer roof. Please see brochure for complete financial details.

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. Dont miss out this rare investments gem in booming St. Catharine's.

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Listed By	RE/MAX GOLD REALTY INC.
Data Provided By	Toronto Regional Real Estate Board
MLS® Listing Number	X8357852
Last Updated	Jun 19, 2024

Property Summary

Property Type	Investment More like this: St. Catharines Investment for Sale
Use	Apartments - 6 to 12 Units
Category	Apartment
PIN	462630022
Legal Description	PT LT 3751 CP PL 2 GRANTHAM AS IN RO336772; S/T RO336772; T/W RO336772 CITY OF ST. CATHARINES
Occupancy	Own+Ten
Possession Date	Immediate
Taxes (2023)	$3,549.59
Tax Type	Annual
Maintenance Fees	$1,500
Directions/Cross Streets	Geneva St & Church St
Area	Niagara

Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information

Freestanding	Y
Lot	33.07 x 100.22 ft
Lot Irregularities	24.85ft. x 39.19ft. x 100.22ft x 33.07ft
Total Area	3,450 ft2
Air Conditioning	Part
Basement	Y
Chattels	Y
Garage Type	None
Days Open	V
Heat Type	Gas Hot Water
Financial Statement	Y
Gross Income/Sales	$88,720
Net Income Before Debt	$66,810
Hydro Expense	$1,800
Water Expense	$4,200
Heat Expenses	$1,800
Insurance Expense	$2,700
Management Expense	$3,443
Operating Expenses	$19,260
Year Expenses	$2,023
Expenses Actual/Estimated	Est
Utilities	Y
Water	Municipal
Vacancy Allowance	2651
Lot/Bldg/Unit Code	Unit
Zoning	Retail Or Office With Residential Units
Seller Property Info Statement	N

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