6.5% CAP RATE! Investors, seize the opportunity! This meticulously updated 3-unit building in the bustling heart of St. Catharines generates a 6.5% cap rate with a gross income of $60,000. Fully occupied and boasting ample parking with a detached garage, this property is designed for convenience. Recent upgrades, including a new roof (2018), furnace (2018), 2 x 100 amp panels, and modernized flooring, kitchens, and bathrooms in each unit, make it a contemporary and attractive investment. Situated near major highways, shopping centers, bus routes, and public transit hubs, this property offers unmatched accessibility. Whether expanding your portfolio or starting fresh, secure this prime investment opportunity today! (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bedrooms
6
Bathrooms
3
Lot
40 x 90 ft
Amenities Nearby
Hospital, Public Transit, Schools, Shopping
Community Features
School Bus
Equipment
Water Heater
Listing Contract Date
2024-10-01
Location Description
Dieppe Rd & Welland Ave to Cosby
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
R2
Building
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1945
Cooling Type
Central air conditioning
Exterior Finish
Vinyl siding
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
under 1/2 acre
Access Type
Highway access
Amenities
Hospital, Public Transit, Schools, Shopping
Sewer
Municipal sewage system
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