Investor Alert - 6.8% Cap Rate in Central St. Catharines! Meticulously updated and fully tenanted, this turnkey 3-unit investment property offers a strong 6.8% cap rate with a solid annual rental income. Each unit has been refreshed with updated flooring, kitchens, and bathrooms, providing a modern and marketable rental product. Major capital improvements include new central air (2025), roof (2018), furnace (2018), and two 100-amp electrical panels. The property also features ample parking plus a detached garage, enhancing tenant convenience and long-term appeal. Ideally located in the core of St. Catharines with quick access to highways, transit routes, shopping, and amenities, this is a strategic addition to any portfolio. A rare opportunity to secure a solid income-producing asset in a high-demand rental market. (id:56069)
| MLS® Number | X12703164 |
| Property Type | Multi-family |
| Community Name | 445 - Facer |
| Amenities Near By | Hospital |
| Equipment Type | Water Heater |
| Parking Space Total | 6 |
| Rental Equipment Type | Water Heater |
| Bathroom Total | 3 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Age | 51 To 99 Years |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
| Detached Garage | |
| Garage |
| Acreage | No |
| Land Amenities | Hospital |
| Sewer | Sanitary Sewer |
| Size Depth | 90 Ft |
| Size Frontage | 40 Ft |
| Size Irregular | 40 X 90 Ft |
| Size Total Text | 40 X 90 Ft|under 1/2 Acre |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/29259202/43-cosby-avenue-st-catharines-facer-445-facer
Contact us for more information
Phyllis De Prophetis
Broker
(905) 357-1700
(905) 357-1705
www.revelrealty.ca/
Dennis Deprophetis
Salesperson
(905) 357-1700
(905) 357-1705
www.revelrealty.ca/
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