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St. Catharines,ON L2R 5K9
Key Details
Property Type Multi-Family
Sub Type Multi-5 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $333
MLS Listing ID 40780586
Bedrooms 6
Abv Grd Liv Area 3,000
Annual Tax Amount $4,646
Property Sub-Type Multi-5 Unit
Source Cornerstone
Property Description
Well-maintained downtown five plex — a rare and exceptional investment opportunity in the heart of St. Catharines. Ideally located just steps from Montebello Park, close to the new hospital, and within walking distance to downtown shops, restaurants, and public transit, this almost 3,000 sq. ft. building offers strong, stable income with minimal upkeep. The property includes four self-contained one-bedroom units and one two-bedroom unit, each with private kitchen, living area, and bathroom. Fully rented to excellent tenants on month-to-month leases, the building generates over $56,000 in net annual income. Each unit has a separate hydro meter, 1-unit hydro included, adding value and convenience for tenants. Additional highlights include on-site parking for five vehicles and shared laundry facilities. With its efficient layout, great tenants, and downtown location, this turnkey five plex is a fantastic opportunity to own a solid, low-maintenance investment property in a thriving area.
Location
Province ON
County Niagara
Area St. Catharines
Zoning M1
Direction Welland Ave. to Ontario Street
Rooms
Basement Full,Partially Finished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Forced Air,Natural Gas,Radiant
Cooling Other
Fireplace No
Laundry Common Area
Exterior
Roof Type Asphalt Shing
Lot Frontage 58.6
Lot Depth 117.0
Garage No
Building
Lot Description Rectangular,City Lot,Hospital,Public Transit,Shopping Nearby
Faces Welland Ave. to Ontario Street
Story 3
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 462150661
Ownership Freehold/None