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$716,500
Est. payment /mo
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 445 - Facer
MLS Listing ID X12139021
Style 1 1/2 Storey
Bedrooms 6
Building Age 51-99
Annual Tax Amount $3,000
Tax Year 2024
Property Sub-Type Multiplex
Lot Depth 90.0
Lot Front 40.0
Appx SqFt 1100-1500
Property Description
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!
Location
Province ON
County Niagara
Community 445 - Facer
Area Niagara
Zoning R2
Rooms
Family Room No
Basement Finished, Full
Kitchen 3
Interior
Interior Features Other
Cooling Central Air
Exterior
Parking Features Private Double
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 40.0
Lot Depth 90.0
Total Parking Spaces 6
Building
Foundation Block
New Construction false
Others
Senior Community Yes
Security Features Carbon Monoxide Detectors
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Listed by REVEL Realty Inc., Brokerage