Calling all savvy investors! Unlock the potential of this prime real estate opportunity in St. Catharines! Currently generating substantial income as a triplex, this property also has the capacity for expansion with the possibility of an additional 4 units, allowing for a total of 7 units. Nestled in the heart of St. Catharines, mere steps from the bustling downtown core, this investment promises both immediate returns and future growth. The existing triplex consists of 2 x 1-bedroom units and 1 x 3-bedroom unit, situated on a spacious lot that opens up the possibilities for additional units. Unit 1 boasts brand-new flooring, while Unit 3 has undergone a recent makeover with a new kitchen and bathroom. The property's updates include a new boiler installed in 2023 and a roof replacement in 2020, ensuring minimal maintenance concerns for the discerning investor. This turn-key investment is not only financially sound as a triplex, but also provides the prospect of increased returns and a strategic investment move. Seize this opportunity to diversify your portfolio and capitalize on the growing real estate market in St. Catharines! (id:47423)
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Detailed Information
Bedrooms
5
Bathrooms
3
Lot
56 x 118 ft
Amenities Nearby
Playground, Public Transit, Schools, Shopping
Community Features
School Bus
Equipment
Water Heater
Listing Contract Date
2024-04-15
Location Description
Pelham & St. Paul W
Ownership Type
Freehold
# of Parking Spaces
2
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
M1
Building
Basement Development
Unfinished
Basement Type
Crawl space (Unfinished)
Cooling Type
Wall unit
Exterior Finish
Vinyl siding
Heating Type
Radiant heat
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
under 1/2 acre
Amenities
Playground, Public Transit, Schools, Shopping
Sewer
Municipal sewage system
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