43 Cosby Avenue
445 - Facer, St. Catharines, L2M 5R7
FOR SALE
$679,900
➧
➧
Browsing Limit Reached
Please Register for Unlimited Access
6
BEDROOMS3
BATHROOMS3
KITCHENS9
ROOMSX12703164
MLSIDContact Us
Property Description
Investor Alert - 6.8% Cap Rate in Central St. Catharines! Meticulously updated and fully tenanted, this turnkey 3-unit investment property offers a strong 6.8% cap rate with a solid annual rental income. Each unit has been refreshed with updated flooring, kitchens, and bathrooms, providing a modern and marketable rental product. Major capital improvements include new central air (2025), roof (2018), furnace (2018), and two 100-amp electrical panels. The property also features ample parking plus a detached garage, enhancing tenant convenience and long-term appeal. Ideally located in the core of St. Catharines with quick access to highways, transit routes, shopping, and amenities, this is a strategic addition to any portfolio. A rare opportunity to secure a solid income-producing asset in a high-demand rental market.
Call
Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2025-05-09 | 2025-06-13 | 35 | $716,500 | $683,000 |
Property Features
Hospital, Other, Private Double, Carbon Monoxide Detectors
Call
Property Details
Address
43 Cosby Avenue
Community
City
Postal Code
L2M 5R7
Property Type
Multiplex, Multiplex
Zoning
R2
Lot Size
40' x 90'
Taxes
$3,180 (2025
Basement
Finished, Full
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
Detached
Call
Listing contracted with Revel Realty Inc., Brokerage
Fully VACANT fourplex comprising three 1-bedroom units and one 2-bedroom unit, with potential to add a fifth unit. Conservative projected annual gross rents are approximately $75,000 as a fourplex. A building permit has been obtained and renovations are approximately 90% complete, leaving the property ready for final finishing touches. Completed work includes windows (2024), electrical service upgrade (2026), upgraded air duct system (2025), flooring (2024), kitchens (2023), bathrooms (2024), and a Phase 1 Environmental report (2023).
Call
Call