Property Information:
Turnkey legal triplex in the heart of St. Catharines offering strong income with an approximate 7% cap rate. Rarely do you find a well maintained property of with three self-contained units, each with separate hydro meters and private in-suite laundry. The building is configured as main floor, upper and lower units with thoughtful updates throughout. A common front foyer provides access to the main and upper units, while the lower unit features a separate rear entrance. The main floor unit offers a spacious living area, oversized kitchen with ample cabinetry, two bedrooms and a four-piece bathroom. This unit also benefits from exclusive access to a private basement space ideal for storage along with its own laundry. The upper unit is nicely updated and features a bright living space, eat-in kitchen with walkout to a private deck, one bedroom, four-piece bathroom and separate laundry. The lower level unit has been well finished with updates including newer kitchen, bathroom and flooring. Offering a large living area, dedicated dining space, one bedroom, four-piece bathroom and its own laundry. Parking is available at both the front and rear of the property. Currently fully tenanted with quality tenants on month-to-month agreements providing immediate income or the option for vacancy for your own use if desired. Ideal for investors seeking a solid, low-maintenance asset or buyers looking to live in one unit while offsetting costs with rental income. Photos have been virtually decluttered to remove tenant belongings. (id:27)
Building Features:
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Style:
Triplex
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Building Type:
Triplex
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Air Conditioning:
Yes
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Basement Type:
N/A
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Exterior Finish:
Brick, Vinyl siding
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Floor Space:
1500 - 2000 sqft
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Foundation Type:
Poured Concrete
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Heating Type:
Radiant heat
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Heating Fuel:
Natural gas
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Cooling Type:
Window air conditioner
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Appliances:
Dryer, Stove, Washer, Refrigerator
