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$1,585,000
Est. payment /mo
17 Baths
4,651 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,651 sqft
Price per Sqft $340
Subdivision 450 - E. Chester
MLS® Listing ID X12326228
Source Niagara Association of REALTORS®
Property Description
6.5% CAP Rate with Upside Potential to 8.8%! Fully Occupied, Remodelled Investment Property Near Downtown St. Catharines. Rarely available multi-residential property ideally located just minutes from the thriving core of Downtown St. Catharines. Completely remodelled only *4 years ago, this fully occupied building offers contemporary finishes, minimal maintenance, and immediate cash flow with a current net income exceeding $103K and potential to surpass $139K. Property Highlights: 4 Fully Metered Units with 18 Bedrooms, 17 Bathrooms & 4 complete kitchens (all appliances included), plus onsite laundry facilities. *Month-to-month leases allow immediate opportunity to raise rents to current market value. Expansion Opportunity: Potential to add a 4-bedroom, 4-bathroom unit above the existing structure (buyer to verify). Prime Investment Location: Highly desirable downtown area ensures consistent tenant demand and low vacancy. Steps from Brock University, transit routes, hospitals, retail, restaurants, and more.Easy highway access with excellent public transportation connectivity.Investor Benefits: Stable, immediate income with proven cash flow. Modernized building infrastructure (4 separate meters, upgraded electrical). On-site parking, desirable layouts, and a solid history of occupancy. Significant room for rent increases, enhancing future profitability. Act Quickly - Exceptional, turnkey properties like this don't last long. Secure this prime St. Catharines income-producing asset and capitalize on its immediate returns and future growth! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 9
Private Pool No
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Listed by COSMOPOLITAN REALTY