UPDATED:
10/12/2024 08:40 PM
Key Details
Property Type Multi-Family
Sub Type Multi-3 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 1,688 sqft
Price per Sqft $396
MLS Listing ID 40659252
Bedrooms 5
Abv Grd Liv Area 1,688
Originating Board Niagara
Annual Tax Amount $3,100
Property Description
Attention savvy investors! 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.
Location
Province ON
County Niagara
Area St. Catharines
Zoning M1
Direction Pelham & St. Paul W
Rooms
Basement Crawl Space, Unfinished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Radiant
Cooling Wall Unit(s)
Fireplace No
Appliance Refrigerator, Stove
Laundry Other
Exterior
Garage Detached Garage
Garage Spaces 1.0
Roof Type Asphalt Shing
Lot Frontage 56.0
Lot Depth 118.0
Garage Yes
Building
Lot Description Playground Nearby, Public Parking, Public Transit, School Bus Route, Schools, Shopping Nearby
Faces Pelham & St. Paul W
Story 2
Foundation Other
Sewer Sewer (Municipal)
Water Municipal
Structure Type Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 461780016
Ownership Freehold/None
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