78 Geneva Street St. Catharines, Ontario L2R 4M9
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$949,800
7% cap rate! Welcome to your next investment venture 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 8 washer and 4 double stack dryer units, this property is primed for immediate income generation. Plus, with the potential to add a sixth unit in the basement, the possibilities for maximizing returns are endless. Updated boiler systems, approved permits, and a detached structure with neighbouring properties undergoing redevelopment plans further elevate its value. Data room available in brochure link (id:58072)
Property Details
| MLS® Number | X9233128 |
| Property Type | Single Family |
| ParkingSpaceTotal | 8 |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 7 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 8 |
| Appliances | Dryer, Refrigerator, Stove, Two Washers, Two Stoves, Washer |
| BasementDevelopment | Partially Finished |
| BasementFeatures | Separate Entrance |
| BasementType | N/a (partially Finished) |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| Type | House |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 100 Ft |
| SizeFrontage | 33 Ft |
| SizeIrregular | 33.07 X 100.22 Ft ; 24.85ftx39.19ftx100.22ftx33.07ftx99.91ft |
| SizeTotalText | 33.07 X 100.22 Ft ; 24.85ftx39.19ftx100.22ftx33.07ftx99.91ft |
| ZoningDescription | M1 - Mixed Use Com/res |
| ZoningType | Residential/commercial |
https://www.realtor.ca/real-estate/27235499/78-geneva-street-st-catharines
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July 31 2024 03:08:20
Toronto Real Estate Board
RE/MAX Gold Realty Inc.