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$669,000
Status: For Sale
Investment Opportunity: Triplex with Expansion Potential in Prime St. Catharines LocationAttention savvy investors! Discover an exceptional investment at 8 Pelham Rd, St. Catharines. This fully tenanted triplex, featuring 2 x 1-bedroom units and 1 x 3-bedroom unit, offers immediate income and boasts significant upside potential. With city-approved expansion possibilities, this property can accommodate an additional 4 units, transforming it into a 7-unit complex. Strategically located just steps from the vibrant downtown core, it ensures high demand and growth potential. Recent updates include a new boiler (2023), roof (2020), and upgrades in Units 1 and 3. Whether you're seeking stable returns or looking to capitalize on development opportunities, this property is a turn-key investment that positions you to profit from St. Catharines' growing market.
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40659252 |
| Listing Type | :Sale |
| Property Age | :100+ Years |
| Possession Date | : |
| Last Updated | :12 Oct, 2024 (41 Days ago) |
| Source | :Niagara |
| Area | :Niagara |
|---|---|
| City | :St. Catharines |
| Area Major | :St. Catharines |
| Area Minor | :458 - Western Hill |
| Postal Code | :
L2S 1P9
|
| Directions | :Pelham & St. Paul W |
| Price | : $669,000 |
|---|---|
| Property Taxes | :$3100 |
| Tax Year | :2022 |
|---|
| Bedrooms | :5 + |
|---|---|
| Air Conditioning | :Wall Unit(s) |
| Heating | :Radiant |
| Place of Worship | :No |
| Bathrooms | :3 |
|---|---|
| Approx Square Footage | :1688 sqft |
07 Oct, 2024
TREB #40659252
Listed
$669000
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