$669,000 $3,591 est/mo Sourced by Back At You

8 Pelham Road,St. Catharines, ON L2S 1P9

St. Catharines ON, L2S 1P9

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Description

Calling all savvy investors! Unlock the potential of this prime real estate opportunity in St. Catharines! Currently generating substantial income as a triplex, this property also has the capacity for expansion with the possibility of an additional 4 units, allowing for a total of 7 units. Nestled in the heart of St. Catharines, mere steps from the bustling downtown core, this investment promises both immediate returns and future growth. The existing triplex consists of 2 x 1-bedroom units and 1 x 3-bedroom unit, situated on a spacious lot that opens up the possibilities for additional units. Unit 1 boasts brand-new flooring, while Unit 3 has undergone a recent makeover with a new kitchen and bathroom. The property's updates include a new boiler installed in 2023 and a roof replacement in 2020, ensuring minimal maintenance concerns for the discerning investor. This turn-key investment is not only financially sound as a triplex, but also provides the prospect of increased returns and a strategic investment move. Seize this opportunity to diversify your portfolio and capitalize on the growing real estate market in St. Catharines!

Details

MLS#40571651
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site33
Listing Provided ByREVEL Realty Inc., Brokerage | Phyllis De Prophetis

Features

Bed(s)5
Bath(s)3
SQ Feet1,688
Garage1
BasementY
Story(s)2
Units3
ZoningM1
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 36 seconds ago
ProvinceON
CountyNiagara
CitySt. Catharines
Postal CodeL2S 1P9
AreaSt. Catharines
Subarea458 Western Hill
Community Name458 Western Hill
Listing VS Median (in 458 Western Hill)
Price:
$669,000
low | high
Med:
$577,000
63.751868460389% of Average
SqFt:
1,688
low | high
Med:
1,155
81.605450236967% of Average
$ / SqFt:
$396
low | high
Med:
$500
23.717273132854% of Average
On Site:
33
low | high
Med:
45.000000
73.333333333333% of Average
Sourced by Back At You
Listing Updated: April 15, 2024 at 11:38:41 AM PDT