Investors, seize the opportunity! Achieve over a 6% cap rate with this meticulously updated 3-unit building nestled in the bustling heart of St. Catharines, with a gross income of $60,000. Fully occupied, this property boasts ample parking and a detached garage for added convenience. Recent upgrades, including a new roof (2018), furnace (2018), 2 x 100 amp panels, and modernized flooring, kitchens, and bathrooms in each unit, ensure a contemporary and attractive investment. Situated in close proximity to major highways, shopping centers, bus routes, and public transit hubs, this property offers unmatched accessibility. Whether you're expanding your existing portfolio or venturing into real estate investment for the first time, this is the ideal opportunity to secure a property that combines a strong cap rate with a strategic location. Don't miss out on the chance to enhance or kickstart your investment portfolio!
Property Features
- Date Listed: Tuesday, February 20, 2024
- City: St. Catharines
- Full Address: 43 Cosby Avenue, St. Catharines, L2M 5R7, Ontario, Canada
- Listing Brokerage: Revel Realty Inc. - Disclaimer: The information contained in this listing has not been verified by Revel Realty Inc. and should be verified by the buyer.