Rare opportunity to acquire a 21-unit multifamily investment in St. Catharines' desirable north end with exceptional income today and significant redevelopment potential for tomorrow. With 6 lots providing frontage on both Ontario Street and Embassy Avenue, the property currently generates a 6.1% cap rate, with a clear path to approximately 8% cap rate through lease-up and rental optimization. The site has been the subject of a pre-consultation process with the City, identifying future redevelopment potential (buyer to complete their own due diligence). Investors benefit from strong in-place cash flow while pursuing future planning approvals, creating a unique opportunity to generate income during the entitlement process. Whether you're seeking a stable long-term hold, a value-add apartment investment, or a strategic land assembly with development upside, this offering presents exceptional flexibility in a prime location. (id:7525)
Particularités du bâtiment :
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Style:
Multiplex
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Type de bâtiment:
Autre
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Air climatisé:
Oui
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État du sous-sol:
Autre, voir remarques
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Revêtement extérieur:
Stuc, Bois
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Stationnement:
Oui
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Surface utile:
5000 - 100000 sqft
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Type de sous-sol:
s.o.
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Type de chauffage:
Air pulsé
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Combustible de chauffage:
Gaz naturel
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Type de climatisation:
Climatisation centrale
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Électroménagers:
Sécheuse, Cuisinière, Machine à laver, Réfrigérateur
