55 Pelham St

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.

***Total Gross Annual Income: $111,480*** TURNKEY INVESTMENT PROPERTY OPPORTUNITY!!! Fabulous Mixed-Use Commercial Property near vibrant Downtown core of St. Catharines has 6 RESIDENTIAL APTS & 1 RETAIL STOREFRONT! This building has been fully renovated & upgraded in so many ways - BRAND NEW Electrical, Plumbing, Vinyl Flooring, LED Pot Lights, Flat Roof, Exterior Painting, Hot Water Tank/Tankless Heater (owned, NTI Brand, $12,000 value!) and certified FIRE SAFETY PLAN with Exit Signs, Fire Doors & Smoke/CO2 Detectors. *5 Parking spots at Rear included! 3 apts fully reno'd in 2024 & 1 apt reno'd in 2021: Stunning contemporary Kitchens w/ new Stainless Steel appliances & custom tiled Bathrooms (Windows replaced on Units 2 & 6). 3 apts are already tenanted! Main level Retail space is spacious clean 443sqft + includes 688sqft of basement storage & bathroom, and amazing street signage area. Building is Roughed-in for Shared Basement Laundry and wired for 8 Security Cameras on Exterior & Stairwells. (*Note: Some photos have been virtually edited.) High-traffic area has great exposure -- Don't miss out on this incredible opportunity to be the owner of this well-situated property with tons of income potential!