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$ 639,000
Est. payment | /mo
5 Beds
3 Baths
$ 639,000
Est. payment | /mo
5 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 458 - Western Hill
MLS Listing ID X12176472
Style 1 1/2 Storey
Bedrooms 5
Annual Tax Amount $3,100
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Attention savvy investors! Investment Opportunity! Triplex with Expansion Potential in Prime St. Catharines Location. Discover an exceptional investment at 8 Pelham Rd, St. Catharines. This fully tenanted triplex, featuring 2 x 1-bedroom units and 1 x 3-bedroom unit, offers immediate income and boasts significant upside potential. With city-approved expansion possibilities, this property can accommodate an additional 4 units, transforming it into a 7-unit complex. Strategically located just steps from the vibrant downtown core, it ensures high demand and growth potential. Recent updates include a new boiler (2023), roof (2020), and upgrades in Units 1 and 3. Whether you're seeking stable returns or looking to capitalize on development opportunities, this property is a turn-key investment that positions you to profit from St. Catharines' growing market. Financial statement available.
Location
Province ON
County Niagara
Community 458 - Western Hill
Area Niagara
Rooms
Family Room No
Basement Crawl Space
Kitchen 3
Interior
Interior Features None
Cooling Wall Unit(s)
Fireplace No
Heat Source Other
Exterior
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 56.0
Lot Depth 118.0
Total Parking Spaces 2
Building
Foundation Other
New Construction false
Others
Security Features Carbon Monoxide Detectors
Listed by REVEL Realty Inc., Brokerage