Investor Alert - 6.8% Cap Rate in Central St. Catharines! Meticulously updated and fully tenanted, this turnkey 3-unit investment property offers a strong 6.8% cap rate with a solid annual rental income. Each unit has been refreshed with updated flooring, kitchens, and bathrooms, providing a modern and marketable rental product. Major capital improvements include new central air (2025), roof (2018), furnace (2018), and two 100-amp electrical panels. The property also features ample parking plus a detached garage, enhancing tenant convenience and long-term appeal. Ideally located in the core of St. Catharines with quick access to highways, transit routes, shopping, and amenities, this is a strategic addition to any portfolio. A rare opportunity to secure a solid income-producing asset in a high-demand rental market. (id:47421)
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Detailed Information
Bedrooms
6
Bathrooms
3
Lot
40 x 90 ft
Amenities Nearby
Hospital
Equipment
Water Heater
Listing Contract Date
2026-01-16
Location Description
Cross Streets: Dieppe Rd & Welland Ave to Cosby. ** Directions: Cosby and Bartlett.
# of Parking Spaces
6
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
R2
Building
Age
51 to 99 years
Basement Development
Finished
Basement Type
Full (Finished)
Cooling Type
Central air conditioning
Exterior Finish
Vinyl siding
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
1.5
Type
Other
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Garage
Land
Total Size
40 x 90 FT | under 1/2 acre
Amenities
Hospital
Sewer
Sanitary sewer
Size of Irregular Land
40 x 90 FT
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