Property Information:

Attention Investors! Turn-Key Triplex with Expansion Potential in Prime St. Catharines Location! Welcome to 8 Pelham Road, a rare investment opportunity offering immediate cash flow and future growth potential. This fully tenanted triplex features two 1-bedroom units and one spacious 3-bedroom unit, providing stable rental income from day one. What truly sets this property apart is its expansion potential, allowing for the addition of four more units - creating a total 7-unit complex and significantly increasing long-term value and returns. Ideally situated just steps from the vibrant downtown core, this location attracts strong tenant demand with easy access to transit, shopping, restaurants, and amenities. Major updates have already been completed, including a new boiler (2023), roof (2020), and recent updates to all interiors, making this a low-maintenance, investor-friendly asset. Whether you're expanding your portfolio, entering the multi-residential market, or looking for a property with serious upside, this is a rare opportunity to secure a high-potential investment in one of St. Catharines' growing neighbourhoods. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Air Conditioning: Yes
Basement Type: Crawl space
Exterior Finish: Vinyl siding
Floor Space: 1500 - 2000 sqft
Heating Type: Radiant heat
Heating Fuel: Other
Cooling Type: Wall unit

Property Features:

Property Type: Multi-family
Bedrooms: 5
Bathrooms: 3
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Depth: 118 Feet
Lot Frontage: 56 Feet
Lot Size: 56 x 118 FT
Zoning: M1
Sewer: Sanitary sewer
Parking Type: Detached garage, Garage
No. of Parking Spaces: 2

Courtesy of: REVEL Realty Inc., Brokerage

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Demographic Information of 8 PELHAM ROAD, St. Catharines (Western Hill), Ontario, L2S 1P9

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$99,195.21

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.05 %

High school certificate or equivalent

32.53 %

Apprenticeship trade certificate/diploma

9.53 %

College/non-university certificate

24.61 %

University certificate (below bachelor)

0.73 %

University Degree

15.54 %

Commuter

Travel To Work

By Car

91.21 %

By Public Transit

2.18 %

By Walking

3.04 %

By Bicycle

0.0 %

By Other Methods

3.57 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

18.41 %

Houses

81.59 %

8 PELHAM ROAD, St. Catharines (Western Hill), Ontario, L2S 1P9