Description
Looking to grow your portfolio with a reliable income property? This well-maintained 7-unit building is ideally situated in the heart of downtown St. Catharines, steps to shopping, dining, public transit, and the city's ongoing revitalization. The property features 3 one-bedroom units and 4 two-bedroom units, all fully rented, generating a gross annual income of approx $115,000 with positive cash flow and a strong cap rate. Benefit from the on-site parking, a low-maintenance exterior, and the added convenience of on-site laundry for extra income. This is a smart, turnkey opportunity in a high-demand rental area, perfect for any investor looking for stability and growth. Financials available.
Overview
Property ID:
X12249446
Type:
Multiplex
Bedrooms:
11
Bathrooms:
7
Square:
3,250 m²
Price:
$1,595,000
PropertyType:
Residential Freehold
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
Window Unit(s)
Heating:
Radiant
ParkingFeatures:
None
YearBuilt:
Unknown
TaxAnnualAmount:
6981
PossessionDetails:
Flexible
Map
-
AddressSt. Catharines
Contact Agency
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