144 Lake St

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.

Investment opportunity in the heart of St. Catharines. This property is zoned for many possibilities. It is currently being used as a triplex, housing two 3 bedroom units and one bachelor unit. There is parking available for 6-8 vehicles. Unit A is rented for $2000/month all inclusive, Unit B is vacant and can be rented for $2100, and Unit C is rented for $500/month all inclusive. Coin operated laundry brings in $150/month. M1 zoning allows for many uses including fourplex, apartment building, day care, etc. See attachment for details.