78 Geneva St
St. Catharines, L2R4M9
UNAVAILABLE
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Apartment
CATEGORY3,450 Sq Ft
TOTAL AREAX8066882
MLSIDContact Us
Property Description
Welcome to your next investment venture with a 6.5% cap rate in the heart of St. Catharines! This exceptional property presents a lucrative opportunity for savvy investors. Boasting 4/5 vacant residential units - including two spacious one-bedroom units and three versatile bachelor suites - and a thriving laundromat business on the main floor, equipped with 21 washers and dryer units, this property is primed for immediate income generation. Plus, with the potential to add a sixth unit in the basement, the possibilities or maximizing returns are endless. Updated boiler systems, approved permits, and a detached structure with neighboring properties undergoing redevelopment plans further elevate its value. Data room available in brochure link.
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Extras
Located on a main thoroughfare with its own future redevelopment potential, this property promises not just immediate cash flow but also long-term growth prospects. Dont miss out this rare investments gem in booming St. Catharines
Property Details
Category
Apartment
Usage
Apts-6 To 12 Units
Zoning
Retail Or Office With Residential Units
Total Area
3,450 Sq Ft
Lot Size
33' x 100'
Taxes
$3,550 (2023)
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Listing contracted with Re/Max Gold Realty Inc.
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