24 Herrick Ave
St. Catharines, L2P 2S5
FOR SALE
$649,900
Sold
$650,000
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6 + 3
BEDROOMS3
BATHROOMS2 + 1
KITCHENS11 + 6
ROOMSX8092594
MLSIDContact Us
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-26 | 2024-04-12 | 49 | $649,900 | $650,000 | Sold |
| 2024-01-10 | 2024-02-23 | 44 | $649,900 | - | Terminated |
| 2023-10-18 | 2024-01-12 | 86 | $699,900 | - | Terminated |
| 2021-05-25 | 2021-06-03 | 9 | $479,000 | $511,000 | Sold |
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Property Description
Looking for an incredible investment opportunity in the heart of St. Catharines? Look no further! This remarkable triplex presents a lucrative prospect. Property Highlights: Prime Location - Situated close to the vibrant heart of downtown St. Catharines, this triplex is a short convenient drive to shopping, restaurants, parks, and public transportation, making it an attractive option for tenants. Cash Flow - With three fully occupied units generating strong and consistent rental income, this property generates a Cap Rate of just under 8%. Well-maintained units - each with 3 bedrooms, a full bathroom, spacious living areas, and shared laundry to ensure tenant satisfaction and retention. Don't miss this chance to add a high-performing asset to your portfolio in a sought-after location. Whether you're a seasoned investor or looking to enter the real estate market, this triplex presents an exceptional opportunity to secure steady cash flow in a rapidly growing area.
Property Features
Park, Place Of Worship, Public Transit, School
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Property Details
Street
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
45' x 91'
Acreage
< .50
Fronting
South
Taxes
$3,687 (2023)
Basement
Fin W/O, Full
Exterior
Alum Siding, Vinyl Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Bsmt | 6.99' x 8.01' | |
| Br | Bsmt | 8.01' x 8.01' | |
| Br | Bsmt | 8.99' x 8.01' | |
| Br | Main | 8.01' x 8.99' | |
| Br | Main | 8.01' x 8.01' | |
| Br | Main | 6.99' x 8.01' | |
| Br | 2nd | 8.01' x 8.01' | |
| Br | 2nd | 8.01' x 8.99' | |
| Br | 2nd | 8.01' x 8.99' |
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Similar Listings
Calling all savvy investors! Unlock the potential of this prime real estate opportunity in St. Catharines! Currently generating substantial income as a triplex, this property also has the capacity for expansion with the possibility of an additional 4 units, allowing for a total of 7 units. Nestled in the heart of St. Catharines, mere steps from the bustling downtown core, this investment promises both immediate returns and future growth. The existing triplex consists of 2 x 1-bedroom units and 1 x 3-bedroom unit, situated on a spacious lot that opens up the possibilities for additional units. Unit 1 boasts brand-new flooring, while Unit 3 has undergone a recent makeover with a new kitchen and bathroom. The property's updates include a new boiler installed in 2023 and a roof replacement in 2020, ensuring minimal maintenance concerns for the discerning investor. This turn-key investment is not only financially sound as a triplex, but also provides the prospect of increased returns and a strategic investment move. Seize this opportunity to diversify your portfolio and capitalize on the growing real estate market in St. Catharines!
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