43 Cosby Avenue
445 - Facer, St. Catharines, L2M 5R7
FOR SALE
$679,900
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6
BEDROOMS 3
BATHROOMS 3
KITCHENS 9
ROOMS X13575464
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Property Description
Turnkey Income Property with 7.0% Cap Rate & Future Upside! Looking for a strong cash-flow investment with immediate income and long-term upside? This fully occupied three-unit income property generates almost $60,000 in annual gross rental income with an impressive 7.0% cap rate at the current asking price. The property has been extensively updated, making it a low-maintenance addition to any investment portfolio. Each suite features modernized flooring, kitchens, and bathrooms, while major capital improvements include a new central air conditioner (2025), roof (2018), furnace (2018), and two 100-amp electrical panels. Investors will appreciate the separately metered hydro, ample on-site parking, detached garage, and fully occupied units providing immediate cash flow from day one. The current rental income offers an attractive return today while still allowing room for future growth as rents continue to align with market levels over time. Located in the heart of St. Catharines, just minutes to Highway 406, downtown, shopping, public transit, Brock University, and everyday amenities, this property is well-positioned in one of Niagara's strongest rental markets. Whether you're adding to an established portfolio or purchasing your first income property, opportunities offering this combination of strong returns, significant capital updates, stable tenancy, and rental upside are increasingly difficult to find.
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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
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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
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Listing contracted with Revel Realty Inc., Brokerage
Attention Investors! Turn-Key Triplex with Expansion Potential in Prime St. Catharines Location! Welcome to 8 Pelham Road, a rare investment opportunity offering immediate cash flow and future growth potential. This fully tenanted triplex features two 1-bedroom units and one spacious 3-bedroom unit, providing stable rental income from day one. What truly sets this property apart is its expansion potential, allowing for the addition of four more units - creating a total 7-unit complex and significantly increasing long-term value and returns. Ideally situated just steps from the vibrant downtown core, this location attracts strong tenant demand with easy access to transit, shopping, restaurants, and amenities. Major updates have already been completed, including a new boiler (2023), roof (2020), and recent updates to all interiors, making this a low-maintenance, investor-friendly asset. Whether you're expanding your portfolio, entering the multi-residential market, or looking for a property with serious upside, this is a rare opportunity to secure a high-potential investment in one of St. Catharines' growing neighbourhoods.
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Prime turnkey investment opportunity in a highly desirable central St. Catharines location, situated in the vibrant Queenston neighbourhood. This fully tenanted fourplex offers immediate, reliable cash flow with a total monthly rental income of $4,930 (Unit 1: $1,250; Unit 2: $1,280; Unit 3: $1,100; Unit 4: $1,300). The property features four fully renovated, self-contained units, each with a separate entrance, including a spacious 2-bedroom basement suite. Extensively updated throughout, with improvements including newer wiring, plumbing, windows, and siding, along with durable laminate and ceramic flooring. All four units are equipped with updated 4-piece bathrooms finished in ceramic tile. Each unit offers a bright, functional eat-in kitchen with updated cabinetry and countertops, while select units benefit from the added convenience of in-suite laundry. Separately metered for efficiency and ease of management, this property is ideally positioned within walking distance to public transit, schools, local shops, and dining, with quick access to the QEW and major commuting routes. An excellent opportunity for investors seeking a well-maintained, income-generating asset in a growing and accessible location. Some photos have been virtually staged.
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