Investment Opportunity: Triplex with Expansion Potential in Prime St. Catharines Location Attention 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. (id:47421)
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Detailed Information
Bedrooms
5
Bathrooms
3
Lot
56 x 118 ft
Amenities Nearby
Playground, Public Transit, Schools, Shopping
Community Features
School Bus
Equipment
Water Heater
Listing Contract Date
2024-10-07
Location Description
Pelham & St. Paul W
Ownership Type
Freehold
# of Parking Spaces
2
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
M1
Building
Basement Development
Unfinished
Basement Type
Crawl space (Unfinished)
Cooling Type
Wall unit
Exterior Finish
Vinyl siding
Heating Type
Radiant heat
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
under 1/2 acre
Amenities
Playground, Public Transit, Schools, Shopping
Sewer
Municipal sewage system
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