27 Vine St S

Discover an exceptional investment opportunity in the heart of St. Catharines with this fully tenanted property boasting a robust positive cash flow. This meticulously maintained triplex combines historic charm with modern convenience, attracting tenants seeking quality living spaces. Currently yielding a total monthly rental income of $55,800, it offers a solid financial foundation. Situated in a prime location with easy access too many amenities, each unit is designed for comfort and functionality, ensuring high tenant satisfaction and minimal turnover. With all units occupied, you can start enjoying immediate returns on your investment. Whether you're a seasoned investor or new to real estate, this property presents a lucrative opportunity for passive income and long-term growth in St. Catharines' thriving rental market.

INVESTMENT PROPERTY: This property located on a quiet, tree-lined street, offers a diversified blend of occupancies and a 7.08% CAP Rate. All units have separate entrances and hydro meters. The detached 1-1/2 car garage is leased out separately, providing additional revenue. There is a coin-operated laundry in the basement for the tenant's use. Two units are tenanted. Unit 1(basement) $1,025/month, Unit 2(main level) $1,625/month, Unit 3(upper) is vacant, market rent +/-$1650, Garage $300/month. Above Grade sq ft is 1612sf. Tenants pay their own Hydro. Public transit is nearby, as are: parks, schools, eateries, gyms, hospital, 4-pad arena complex, and easy QEW/406 access. Income/Expense Sheet available. Add to your real estate investment portfolio today