$999,800 $5,367 est/mo Sourced by Back At You

78 Geneva Street,St. Catharines, ON L2R 4M9

St. Catharines ON, L2R 4M9

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Description

Welcome to a prime investment in downtown St. Catharines! Priced at a 6.11% 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 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. 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. Dont miss out this rare investments gem in booming St. Catharine's. Details available in brochure and data room available with executed NDA.

Details

MLS#40592275
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site59
Listing Provided ByREMAX GOLD REALTY INC | Addy Saeed

Features

Bed(s)5
Bath(s)6
SQ Feet3,450
BasementY
Story(s)2
Units6
ZoningRetail Or Office With Residentia
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Learn More About This Property

ProvinceON
RegionNiagara
CitySt. Catharines
Postal CodeL2R 4M9
AreaNiagara Falls
Subarea210 Downtown
Community Name210 Downtown
Listing VS Median (in 210 Downtown)
Price:
$999,800
low | high
Med:
$499,999
99.990098019604% of Average
SqFt:
3,450
low | high
Med:
1,000
100% of Average
$ / SqFt:
$290
low | high
Med:
$500
22.534161832366% of Average
On Site:
59
low | high
Med:
29
100% of Average
Sourced by Back At You
Listing Updated: June 19, 2024 at 10:26:01 AM PDT