$949,800
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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.
Property Info
MLS®:
X9233126
Listing Courtesy of
RE/MAX GOLD REALTY INC.
Total Bedrooms
0
Total Bathrooms
0
Basement
Y
Floor Space
0 sq.ft.
Lot Size
3314 sq.ft.
Style
other
Last Updated
2024-08-02
Property Type
Investment
Listed Price
$949,800
Unit Pricing
$949,800/sq.ft.
Strata Fee
$0.00
Tax Estimate
$3,732/Year
Interior Features
More Details
Sold History
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Map
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