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$949,800
Status: For Sale
Welcome to a prime investment in downtown St. Catharines! Priced at a 7.05% 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 & $1450. 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.
Property Type | :Residential Income |
MLS Number | :40627964 |
Listing Type | :Sale |
Property Age | :Unknown years |
Possession Date | : |
Last Updated | :01 Aug, 2024 (50 Days ago) |
Source | :Barrie |
Area | :Niagara |
City | :St. Catharines |
Area Major | :St. Catharines |
Area Minor | :451 - Downtown |
Postal Code | : L2R 4M9 |
Directions | :Geneva St & Church St. |
Price | : $949,800 |
Property Taxes | :$3732 |
Tax Year | :2023 |
Bedrooms | :5 + |
Air Conditioning | :Wall Unit(s) |
Heating | :Natural Gas |
Place of Worship | :No |
Cross Street | :Geneva Street |
Bathrooms | :5 |
Approx Square Footage | :3450 sqft |
Parking Space | :8 |
Basement | :Separate Entrance |
Park | :Park |
01 Aug, 2024
TREB #40627964
Listed
$949800
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