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$739,900
Status: For Sale
6.5% CAP RATE! Investors, seize the opportunity! This meticulously updated 3-unit building in the bustling heart of St. Catharines generates a 6.5% cap rate with a gross income of $60,000. Fully occupied and boasting ample parking with a detached garage, this property is designed for convenience. Recent upgrades, including a new roof (2018), furnace (2018), 2 x 100 amp panels, and modernized flooring, kitchens, and bathrooms in each unit, make it a contemporary and attractive investment. Situated near major highways, shopping centers, bus routes, and public transit hubs, this property offers unmatched accessibility. Whether expanding your portfolio or starting fresh, secure this prime investment opportunity today!
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40655684 |
| Listing Type | :Sale |
| Property Age | :51-99 Years years |
| Possession Date | : |
| Last Updated | :12 Oct, 2024 (24 Days ago) |
| Source | :Niagara |
| Area | :Niagara |
|---|---|
| City | :St. Catharines |
| Area Major | :St. Catharines |
| Area Minor | :445 - Facer |
| Postal Code | :
L2M 5R7
|
| Directions | :Dieppe Rd & Welland Ave to Cosby |
| Price | : $739,900 |
|---|---|
| Property Taxes | :$2900 |
| Tax Year | :2023 |
|---|
| Bedrooms | :6 + |
|---|---|
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Place of Worship | :No |
| Bathrooms | :3 |
|---|---|
| Approx Square Footage | :1260 sqft |
| Parking Space | :6 |
|---|---|
| Basement | :Full |
| Garage | :2 |
|---|
01 Oct, 2024
TREB #40655684
Listed
$739900
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