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$899,888
Status: For Sale
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
Property Type | :Residential |
MLS Number | :X9233128 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :18 Sep, 2024 (3 Days ago) |
Source | :TRREB |
Area | :Niagara |
Postal Code | : L2R 4M9 |
Price | : $899,888 |
Property Taxes | :$3732.00 |
Tax Year | :2023 |
Bedrooms | :7 + 1 |
No. of Rooms | :14 |
Air Conditioning | :Central Air |
Heating | :Forced Air |
Place of Worship | :No |
Cross Street | :Geneva St & Church St |
Bathrooms | :5 |
Fuel | :Gas |
Approx Square Footage | :3000-3500 sqft |
Exterior Finish | :Brick, Stone |
Parking Space | :8 |
Basement | :Part Fin |
Garage | :None |
18 Sep, 2024
TREB #X9233128
Price Change, Available
$899888.0
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