78 Geneva Street St. Catharines (451 - Downtown), Ontario L2M 4M9
$599,999
Welcome to your next investment venture in the heart of St.Catharines! 5 residential & laundromet. 100K per door or 11% cap rate. This exceptional property presents a lucrative opportunity for savvy investors. Boasting two vacant residential units - two spacious one-bedroom units and three versatile bachelor suites - and a thriving laundromat business on the main floor, equipped with 8 washer and 2 x double 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:48469)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X11430997 |
| Property Type | Multi-family |
| Community Name | 451 - Downtown |
| AmenitiesNearBy | Highway, Public Transit |
| Features | Irregular Lot Size |
Building
| Appliances | Dryer, Refrigerator, Stove, 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 ,2 In |
| SizeFrontage | 33 Ft |
| SizeIrregular | Unit=33.07 X 100.22 Ft ; 24.85ft. X 39.19ft. X100.22ft. X 33.07ft |
| SizeTotalText | Unit=33.07 X 100.22 Ft ; 24.85ft. X 39.19ft. X100.22ft. X 33.07ft |
| ZoningDescription | M1 - Com/res Mixed Use |
https://www.realtor.ca/real-estate/27691888/78-geneva-street-st-catharines-451-downtown-451-downtown
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November 28 2024 08:09:35
Toronto Real Estate Board
RE/MAX Gold Realty Inc.