ON > St. Catharines > 451 - Downtown
St. Catharines, ON L2R 5W9,33 Lake ST
St. Catharines, ON L2R 5W9,33 Lake ST
St. Catharines, ON L2R 5W9,33 Lake ST
St. Catharines, ON L2R 5W9,33 Lake ST
St. Catharines, ON L2R 5W9,33 Lake ST
St. Catharines, ON L2R 5W9,33 Lake ST
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 799,500
Est. payment | /mo

5 Beds

5 Baths

Save
$ 799,500
Est. payment | /mo
Save

5 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision 451 - Downtown

MLS Listing ID X12324597

Style 2-Storey

Bedrooms 5

Building Age 100+

Annual Tax Amount $4,710

Tax Year 2024

Property Sub-Type Multiplex

Property Description

Well-maintained downtown FIVEPLEX! A rare investment opportunity! Located just steps from Montebello Park and within walking distance to downtown businesses and public transit, this 2,655 sq/ft. apartment building is a fantastic opportunity for investors seeking reliable income. All the units have been recently renovated. This building features five self-contained one-bedroom units, each with a private bedroom, kitchen, living area, and bathroom. Fully rented and currently leased to excellent tenants on month-to-month terms, generating over $60,000 in gross annual income. Each unit includes water, heat, hydro and internet, offering convenience and value for tenants. Additional features include: on-site parking for six vehicles and coin-operated laundry in a shared area. Some other updates include: rear stairs (2020), roof (2016). An easy-to-maintain property with low operating demands. This is an ideal opportunity to maintain a fully leased income property or move into one unit and continue renting out the others. A solid, turnkey investment in a desirable downtown location!

Location

Province ON

County Niagara

Community 451 - Downtown

Area Niagara

Rooms

Family Room No

Basement Full, Unfinished

Kitchen 5

Interior

Interior Features Accessory Apartment

Cooling Window Unit(s)

Fireplace No

Heat Source Gas

Exterior

Pool None

View Park/Greenbelt, Downtown

Roof Type Asphalt Shingle

Lot Frontage 40.0

Lot Depth 125.0

Total Parking Spaces 6

Building

Unit Features Library,Park,Place Of Worship,Public Transit,Arts Centre

Foundation Block

Others

Security Features Smoke Detector,Carbon Monoxide Detectors

Listed by ROYAL LEPAGE NRC REALTY
agent-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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