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 Description
Welland Ave. & Lake St.
Property Details
- Community: 451 - Downtown
- Property Type: Tenant/Residential Freehold
- Bedrooms: 5
- Bath: 5
- Garages: None
- Annual Property Taxes : $ 5158
Building Features
- Foundation Type: Stone
- Counstruction Material : Brick
- Total Parking Space : 3
- Parking Type : None
Features
- Heating : RadiantGas
- Sewer : Sewer ,
Listing Contracted With: SOTHEBY'S INTERNATIONAL REALTY, BROKERAGE
