Size
-
Lot size
307.88 sqm
Street frontage
E
Possession
-
Price per sqm
$3,426
Taxes
$3,549 (2023)
Parking Type
-
Style
-
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Description
Welcome to a prime investment in downtown St. Catharines! Priced at a 6.11% cap rate with high rental potential. This property features 4/5 vacant residential units: two junior one-bedrooms and three large one-bedrooms, all recently renovated with new floors, kitchens, washrooms, and paint. The main floor houses a fully operational laundromat with 8 washers and 4 double-stacked dryers, offering steady income. Additional features include a new radiant hot water heating system, updated boiler systems, and fresh exterior paint with a newer roof. Located on a main thoroughfare with its own future redevelopment potential, this property promises not just immediate cash flow but also long-term growth prospects. Dont miss out this rare investments gem in booming St. Catharine's. Details available in brochure and data room available with executed NDA.
Broker: REMAX GOLD REALTY INC
MLS®#: 40592275
Property details
Parking:
8
Parking type:
-
Property type:
Multiplex
Heating type:
Natural Ga
Style:
-
MLS Size:
321 sqm
Lot front:
10.06 M
Lot depth:
30.48 M
Listed on:
May 19, 2024
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