257 Carlton St
St. Catharines, L2N 1B6
FOR SALE
$1,159,900
Terminated
$0
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6
BEDROOMS5
BATHROOMS4
KITCHENS22
ROOMSX5919901
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-02-18 | 2023-03-19 | 29 | $1,159,900 | - | Terminated |
| 2023-01-04 | 2023-02-19 | 46 | $1,199,900 | - | Terminated |
| 2020-10-13 | 2021-03-05 | 143 | $1,100,000 | - | Expired |
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Property Description
Excellent Opportunity To Own A Multi-Family Building With Future Development Potential To Construct A 12 Unit Stacked Townhouse Building. The Lot Is Currently In The Process Of Being Rezoned To Medium Density & Plans Have Been Submitted To City For Site Plan Approval. Building Has Separate Hydro Meters With Rental Income Of $76,000/Year. If You Are Looking For Rental Income Or Development Opportunities, You Do Not Want To Miss Out On This!
Extras
This Is A Unique Investment Opportunity That Will Allow You To Continue To Work On Getting Site Plan Approval While You Collect Rental Income From Tenants. Tenants Pay Their Own Hydro. Vtb Available.
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AMAZING value in this purpose built, 5-unit property in the desirable Western Hill neighbourhood! This property features a mix of spacious unit layouts and modern amenities with 3 x 2BR units, 1 x 1BR unit and 1 x open concept 1BR/bachelor unit. With 4 of the units above grade and one large basement unit, rentability is a breeze! Two of the units are vacant to set your own market rents or live in one yourself. The main floor also features an unfinished flex space (currently used as laundry w/ a 2pc bath), awaiting your vision to be finished into other potential income generating opportunities! With plenty of system upgrades over the years, this investment property is the perfect addition to your portfolio (roof 2017, furnace/AC 2024, windows/doors 2016). The location of this property is steps away from the St. Catharines, GO train station, one direct bus route to Brock university, and walking distance to parks, trails and all major amenities, ensuring high demand and a solid return on investment!
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