Size
-
Lot size
307.88 sqm
Street frontage
E
Possession
-
Price per sqm
$2,803
Taxes
$3,732 (2023)
Parking Type
-
Style
-
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Description
Welcome to a prime investment in downtown St. Catharines! Priced at a 7.05% 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 projected rent for 1 bedroom is $1200 & $1450. 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. Please see brochure for complete financial details.
Broker: Re/Max Gold Realty Inc., Brokerage
MLS®#: 40627964
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:
Jul 31, 2024
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Instant estimate:
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