40 Facer St
St. Catharines, L2M 5H5
FOR SALE
$649,900
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BEDROOMS3
BATHROOMS3
KITCHENS12
ROOMSX9380666
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Property Description
Investor Alert! Fantastic, Turn-key LEGAL TRIPLEX with 3 hydro meters. CASHFLOW Positive! Fully tenanted with great tenants. Unit mix is 2 x 1 bedroom units and 1 x 2 bedroom unit. Tons of parking out back (4+ cars). Nothing to do but close and start collecting rent! Gross rents of ~$45,000 annually.
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Property Features
Park, Place Of Worship, School
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Property Details
Street
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
32' x 117'
Acreage
< .50
Lot Irregularities
Irreg.
Fronting
South
Taxes
$2,894 (2024)
Basement
Full
Exterior
Brick
Heat Type
Water
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Available
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Dining | Main | 6.33' x 9.28' | |
Kitchen | Main | 12.63' x 9.28' | |
Living | Main | 14.90' x 9.32' | |
Prim Bdrm | Main | 14.96' x 10.60' | |
Br | Main | 6.82' x 10.63' | |
Kitchen | 2nd | 11.22' x 8.92' | |
Living | 2nd | 12.30' x 11.65' | |
Br | 2nd | 9.97' x 11.65' | |
Kitchen | Bsmt | 8.76' x 13.75' | |
Living | Bsmt | 24.31' x 9.51' | |
Br | Bsmt | 11.35' x 8.86' | |
Utility | Bsmt | 12.01' x 11.15' |
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St. Catharines Market Statistics
St. Catharines Price Trend
40 Facer St is a 3-bedroom 3-bathroom home listed for sale at $649,900, which is $68,733 (11.8%) higher than the average sold price of $581,167 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 3 bedroom home in St. Catharines declined by $52,272 (8.3%) compared to the previous 30 day period (September 27 - October 26) and down $29,749 (4.9%) from the same time one year ago.Inventory Change
There were 60 3-bedroom homes listed in St. Catharines over the last 30 days (October 27 - November 25), which is down 16.7% compared with the previous 30 day period (September 27 - October 26) and up 9.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in St. Catharines typically sold ($11,657) (2.0%) below asking price over the last 30 days (October 27 - November 25), which represents a $1,450 increase compared to the previous 30 day period (September 27 - October 26) and ($17,986) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in St. Catharines over the last 30 days (October 27 - November 25) stood at 2,860.0%, up from 136.1% over the previous 30 days (September 27 - October 26) and up from 65.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in St. Catharines stood at 19 days when successfully sold over the last 30 days (October 27 - November 25), compared to 58 days before being removed from the market upon being suspended or terminated.Listing contracted with Rock Star Real Estate Inc.
Similar Listings
Don't miss out on this exceptional investment opportunity: a well maintained triplex unit boasting three residences. With shared laundry facilities, extensive renovations, and ample parking, this property promises a hassle-free living experience. Situated conveniently near the QEW, shopping, amenities, parks, trails, and Martindale Pond, residents enjoy easy access to urban conveniences and natural retreats. Meanwhile, a turnkey legal triplex in a downtown location presents a rare opportunity for those entering the rental investment business. Updated in 2017, with a new roof, driveway, and fire sprinkler system, this clean building is truly turnkey, offering both comfort and potential for lasting financial success.
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