6.6% CAP RATE! This meticulously updated 3-unit building in the bustling heart of St. Catharines generates a 6.6% 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! |
Price | $729,900 |
Taxes: | $3000.00 |
Address: | 43 COSBY Ave , St. Catharines, L2M 5R7, Ontario |
Lot Size: | 40.00 x 90.00 (Feet) |
Acreage: | < .50 |
Directions/Cross Streets: | Dieppe Rd & Welland Ave to Cosby |
Rooms: | 9 |
Bedrooms: | 6 |
Bedrooms +: | |
Kitchens: | 3 |
Family Room: | N |
Basement: | Finished, Full |
Approximatly Age: | 51-99 |
Property Type: | Multiplex |
Style: | 1 1/2 Storey |
Exterior: | Vinyl Siding |
Garage Type: | Detached |
(Parking/)Drive: | Pvt Double |
Drive Parking Spaces: | 4 |
Pool: | None |
Approximatly Age: | 51-99 |
Property Features: | Hospital |
Fireplace/Stove: | N |
Heat Source: | Gas |
Heat Type: | Forced Air |
Central Air Conditioning: | Central Air |
Central Vac: | N |
Elevator Lift: | N |
Sewers: | Sewers |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
REVEL Realty Inc., Brokerage |
|
Book Showing | Email a Friend |
Type: | Freehold - Multiplex |
Area: | Niagara |
Municipality: | St. Catharines |
Neighbourhood: | 445 - Facer |
Style: | 1 1/2 Storey |
Lot Size: | 40.00 x 90.00(Feet) |
Approximate Age: | 51-99 |
Tax: | $3,000 |
Beds: | 6 |
Baths: | 3 |
Fireplace: | N |
Pool: | None |