144 Lake St

Attention Investors! This Turnkey & Well Maintained Multi-Plex Consists Of: 7 Residential Units + 1 Commercial Retail/Restaurant Unit. Excellent Exposure, Corner Lot Fronting Lake Street. *Buyer Has An Option To Also Purchase 144-A Lake St. The Separately Deeded 2 Story Residential Home Which Is Located Directly Adjacent, Purchase Price Of The House Is In Addition To. Please See MLS Residential Listing For 144-A Lake St. Or Just Purchase The Building On Its Own.

Welcome to your next investment venture with a 6.5% cap rate in the heart of St. Catharines! This exceptional property presents a lucrative opportunity for savvy investors. Boasting 4/5 vacant residential units - including two spacious one-bedroom units and three versatile bachelor suites - and a thriving laundromat business on the main floor, equipped with 21 washers and dryer units, this property is primed for immediate income generation. Plus, with the potential to add a sixth unit in the basement, the possibilities or maximizing returns are endless. Updated boiler systems, approved permits, and a detached structure with neighboring properties undergoing redevelopment plans further elevate its value. Data room available in brochure link.

Investment opportunities like this don't get listed often. FULLY VACANT legal 6 unit building in St. Catharines, add your finishing touches and achieve market rents. 4 x 1 bed units, 2 x bachelor all units are separately metered for hydro except 1. Exterior stucco and concrete was done recently, fire certificate 2023, foundation waterproofed and dry. Great location for tenants, walking distance to Go Station, 8 minute drive to Brock University, 5 minute drive to Hospital.