LEGAL DUPLEX - Featuring Separate Hydro Meters and meticulously maintained, this turn-key up/down duplex is nestled in a prime investment locale in St. Catharines. With the potential to generate $4250+ per month, this property presents a lucrative opportunity. Key updates include a 2010 roof, 2012 furnace, 2014 AC, and 2010 windows, ensuring efficient operation and reduced maintenance costs. The average monthly water bill stands at a modest $60, with gas and hydro averaging $120 per unit monthly. Currently, the upstairs rooms are individually rented on a month-to-month basis, generating a total of $2050 per month, all-inclusive. The property boasts two parking spaces, supplemented by ample street parking. Moreover, the sellers are open to leasing back the property, providing added flexibility for potential buyers. Additionally, the side entrance presents the possibility of accommodating a third unit, enhancing the property's income potential. This property offers a remarkable addition to any investment portfolio. (id:47421)
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Detailed Information
Lot
29 x 91 ft
Total Area
2,049 ft2
Amenities Nearby
Public Transit, Schools
Equipment
Water Heater
Features
Park setting, Park/reserve, Double width or more driveway, Paved driveway, In-Law Suite
Listing Contract Date
2024-03-21
Location Description
URBAN
# of Parking Spaces
2
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
R3
Business
Business Type
Residential
Business Subtype
Residential
Building
Appliances
Blinds
Architectural Style
2 Level, Multi-Unit
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1925
Construction Style (Attachment)
Detached
Cooling Type
Central air conditioning
Exterior Finish
Stucco, Vinyl siding
Fire Protection
Smoke Detectors
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Size (Exterior)
2049 square feet
Type
Duplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
No Garage
Land
Total Size
29.99 x 91.69 | under 1/2 acre
Amenities
Public Transit, Schools
Sewer
Municipal sewage system
Size of Irregular Land
29.99 x 91.69
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