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$599,999
Status: For Sale
Welcome to a prime investment in downtown St. Catharines! Priced at a 7.05% caprate with high rental potential. This property features 4/5 vacant residentialunits: two junior one-bedrooms and three large one-bedrooms, all recentlyrenovated with new floors, kitchens, washrooms, and paint. The projected rent for1 bedroom is $1200 & $1450. The main floor houses a fully operational laundromatwith 8 washers and 4 double-stacked dryers, offering steady income. Additionalfeatures include a new radiant hot water heating system, updated boiler systems,and fresh exterior paint with a newer roof. Please see brochure for completefinancial details.
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40682022 |
| Listing Type | :Sale |
| Property Age | :Unknown Years |
| Possession Date | : |
| Last Updated | :29 Nov, 2024 (7 Hours ago) |
| Source | :Barrie |
| Area | :Niagara |
|---|---|
| City | :St. Catharines |
| Area Major | :Niagara Falls |
| Area Minor | :210 - Downtown |
| Postal Code | :
L2R 4M9
|
| Directions | :Geneva St & Church St. |
| Price | : $599,999 |
|---|---|
| Property Taxes | :$3732 |
| Tax Year | :2023 |
|---|
| Bedrooms | :5 + |
|---|---|
| Air Conditioning | :Wall Unit(s) |
| Heating | :Natural Gas |
| Place of Worship | :No |
| Bathrooms | :6 |
|---|---|
| Approx Square Footage | :3450 sqft |
28 Nov, 2024
TREB #40682022
Listed
$599999
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