78 Geneva Street St. Catharines, Ontario L2R 4M9
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$949,800
Welcome to a prime investment in downtown St. Catharines! Priced at a 7.05% cap rate with high rental potential. This property features 4/5 vacant residential units: two junior one-bedrooms and three large one-bedrooms, all recently renovated with new floors, kitchens, washrooms, and paint. The projected rent for 1 bedroom is $1200 & $1450. The main floor houses a fully operational laundromat with 8 washers and 4 double-stacked dryers, offering steady income. Additional features include a new radiant hot water heating system, updated boiler systems, and fresh exterior paint with a newer roof. Please see brochure for complete financial details. **** 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. Don't miss out this rare investments gem in booming St. Catharine's. (id:58072)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X9233126 |
| Property Type | Multi-family |
| AmenitiesNearBy | Highway, Public Transit |
| Features | Irregular Lot Size |
Building
| Appliances | Dryer, Refrigerator, Stove, Two Washers, Two Stoves, Washer |
| CoolingType | Partially Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat |
| SizeInterior | 3450 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway, Public Transit |
| SizeDepth | 100 Ft |
| SizeFrontage | 33 Ft |
| SizeIrregular | 33.07 X 100.22 Ft ; 24.85ft. X 39.19ft. X 100.22ft X 33.07ft |
| SizeTotalText | 33.07 X 100.22 Ft ; 24.85ft. X 39.19ft. X 100.22ft X 33.07ft |
| ZoningDescription | M1 - Com/res Mixed Use |
https://www.realtor.ca/real-estate/27235498/78-geneva-street-st-catharines
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July 31 2024 03:08:20
Toronto Real Estate Board
RE/MAX Gold Realty Inc.