172 1/2 Niagara Street
450 - E. Chester, St. Catharines, L2R 4L9
FOR SALE
$598,500
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5
BEDROOMS 3
BATHROOMS 3
KITCHENS 9
ROOMS X14175226
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Property Description
Fully occupied LEGAL TRIPLEX generating $4,700/month in rental income! Upgraded with permits and engineered drawings, with work inspected by the City, this turnkey investment offers 3 self-contained units, each with its own laundry facilities and parking. The property features a charming main floor 1-bedroom unit, a bright lower level bachelor with a walkout, and a spacious 4-bedroom unit with a flexible layout. Improvements include updated plumbing and electrical, fire-rated construction, interconnected smoke alarms and an owned hot water tank. All 3 units are occupied by A+ tenants. Current rents total $56,400 annually and include heat, hydro and water. Conveniently located on a bus route with easy QEW access.
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Nearby Intersections
Property Features
In-Law Suite, Storage, Water Heater Owned, Available
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Property Details
Address
172 1/2 Niagara Street
Community
City
Postal Code
L2R 4L9
Property Type
Triplex, Triplex
Zoning
M1
Lot Size
37' x 88'
Taxes
$3,500 (2026
Basement
Finished with Walk-Out, Separate Entrance
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Re/Max Garden City Realty Inc, Brokerage
Turnkey Triplex with Strong Cash Flow Just Minutes from Downtown St. Catharines. Fully tenanted and well-maintained, this income-generating property features three all-inclusive units: two spacious 2-bedroom units and one 1-bedroom unit, each with its own 4-piece bathroom. The upper and lower units were extensively renovated in 2020 with updated kitchens, bathrooms, flooring, appliances, and fresh paint. Additional improvements include newer second-floor windows and a sump pump, both installed in 2020, helping minimize future maintenance costs. Conveniently located near downtown, transit, shopping, restaurants, parks, and other amenities, the property benefits from strong rental demand and immediate cash flow. An excellent opportunity for investors seeking a turnkey asset or first-time buyers looking to significantly offset their mortgage with rental income.
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