St. Catharines - 451 - Downtown
St. Catharines - 451 - Downtown
Listed For $999,888
Get Pre-approvedTerminated May 2024
Welcome to your next investment venture with 6.5% cap rate 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 21 washer and 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 brochuer link
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* Values are estimates only and not a guarantee of lending or affordability.