Property Information:
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:27)
Building Features:
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Style:
Multiplex
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Building Type:
Other
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Basement Development:
Finished
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Basement Type:
Full
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Exterior Finish:
Vinyl siding
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Floor Space:
1100 - 1500 sqft
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Foundation Type:
Block
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Heating Type:
Forced air
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Heating Fuel:
Natural gas
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Cooling Type:
Central air conditioning
