7% cap rate! Welcome to your next investment venture 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 8 washer and 4 double stack 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 brochure link
PT LT 3751 CP PL 2 GRANTHAM AS IN RO336772; S/T RO336772; T/W RO336772 CITY OF ST. CATHARINES
Possession Date
Immediate
Taxes (2023)
$3,732
Assessment (2023)
$237,600
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
Fronting On
E
Link
N
Special Designations
Unknown
Bedrooms
7+1
Bathrooms
5
Rooms
14+1
Kitchens
5
Lot
33.07 x 100.22 ft
Lot Irregularities
24.85FTX39.19FTX100.22FTX33.07FTX99.91FT
Approximate Square Footage
3000-3500
Exterior
Brick, Stone
Air Conditioning
Central Air
Family Room
N
Fireplace/Stove
N
Pool
None
Basement
Part Fin, Sep Entrance
Drive
Mutual
Garage Spaces
0.0
Garage Type
None
Parking Spaces
8
Total Parking Spaces
8.0
Heat Source
Gas
Heat Type
Forced Air
Sewers
Sewers
Water
Municipal
Zoning
M1 - Mixed use Com/Res
Seller Property Info Statement
N
Bathrooms
Pieces
Level
4
2nd
4
Main
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