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$999,000
Est. payment /mo
5 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision 451 - Downtown
MLS Listing ID X12237918
Style 2-Storey
Bedrooms 5
Building Age 100+
Annual Tax Amount $5,158
Tax Year 2024
Property Sub-Type Multiplex
Lot Depth 115.0
Lot Front 40.0
Appx SqFt 2500-3000
Property Description
An exceptional, fully rented 5-plex in vibrant downtown St. Catharines is now available, offering five spacious one-bedroom apartments that generate a strong annual gross income of approximately $85,000. This meticulously maintained, turn-key investment is perfectly positioned in a highly desirable urban core, providing tenants with convenient access to a multitude of downtown amenities, including diverse shops, acclaimed restaurants, entertainment venues like the FirstOntario Performing Arts Centre and Meridian Centre, and the historic St. Catharines Farmers Market, all within walking distance. Added tenant convenience comes from three dedicated parking spots located at the rear of the property and excellent public transit connectivity throughout the city. This property presents a fantastic opportunity for immediate cash flow and long-term appreciation in a thriving community.
Location
Province ON
County Niagara
Community 451 - Downtown
Area Niagara
Zoning C1
Rooms
Family Room No
Basement Unfinished
Kitchen 5
Interior
Interior Features Water Heater
Cooling None
Inclusions 5 Fridges, 5 Stoves
Exterior
Exterior Feature Landscape Lighting
Parking Features Available, Private
Pool None
View Downtown
Roof Type Asphalt Shingle
Lot Frontage 40.0
Lot Depth 115.0
Total Parking Spaces 3
Building
Foundation Stone
Others
Senior Community No
ParcelsYN No
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Listed by SOTHEBY'S INTERNATIONAL REALTY, BROKERAGE