43 Cosby Avenue St. Catharines, Ontario L2M 5R7
$749,000
6.5% CAP RATE! Investors, seize the opportunity! This meticulously updated 3-unit building in the bustling heart of St. Catharines generates a 6.5% cap rate with a gross income of $60,000. Fully occupied and boasting ample parking with a detached garage, this property is designed for convenience. Recent upgrades, including a new roof (2018), furnace (2018), 2 x 100 amp panels, and modernized flooring, kitchens, and bathrooms in each unit, make it a contemporary and attractive investment. Situated near major highways, shopping centers, bus routes, and public transit hubs, this property offers unmatched accessibility. Whether expanding your portfolio or starting fresh, secure this prime investment opportunity today! (id:56248)
Property Details
| MLS® Number | 40610945 |
| Property Type | Multi-family |
| AmenitiesNearBy | Hospital, Public Transit, Schools, Shopping |
| CommunityFeatures | School Bus |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 6 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 3 |
| BedroomsTotal | 6 |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1945 |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Vinyl Siding |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1260 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Hospital, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 90 Ft |
| SizeFrontage | 40 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R2 |
https://www.realtor.ca/real-estate/27084056/43-cosby-avenue-st-catharines
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June 24 2024 06:21:12
Niagara Association of REALTORS®
Revel Realty Inc., Brokerage