43 Centre St N
St. Catharines, L2R 3A8
FOR SALE
$650,000
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Property Description
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.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-04-08 | 2024-08-02 | 121 | $700,000 | $700,000 | Sold |
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Property Details
Street
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
58' x 68'
Fronting
North
Taxes
$3,293 (2023)
Basement
Unfinished
Exterior
Stucco/Plaster, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 8.66' x 17.49' | |
Kitchen | Main | 9.42' x 5.58' | |
Prim Bdrm | Main | 13.25' x 8.83' | |
Br | Main | 11.42' x 7.74' | |
Living | Main | 12.60' x 18.67' | |
Br | Main | 8.60' x 9.42' | |
Living | Main | 11.15' x 16.50' | |
Kitchen | Main | 7.09' x 6.92' | |
Br | Main | 13.42' x 7.41' |
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Listing contracted with Keller Williams Signature Realty, Brokerage
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ATTENTION INVESTORS!! This turnkey renovated Triplex is fully Tenanted generating exceptional cash flow and priced to a true 7.5% Cap Rate! These spacious units have undergone extensive renovations consisting of vinyl flooring, beautiful white kitchens, modern bathrooms and neutral paint. Each unit has its own heating system and electrical panel and as such all units have separate gas and hydro meters, which Tenant's pay on their own. Landlord only pays for water, insurance, taxes and maintenance. Side door provides access to basement for Coin Laundry, utility and storage. This turnkey investment opportunity is a great opportunity for any savvy investor.
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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
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