St. Catharines - 451 - Downtown
St. Catharines - 451 - Downtown
Sold For$409,000
Listed For $419,900
Sold Oct 2017
This property is a cash cow! 8% cap rate - hard to find! Net operating income is $32,620 per year. Never a vacancy - always full occupancy under current owner - tenants love it here! Currently leases until end of April and end of August. Property is R2 zoning - lots of potential: get approval to convert the back into parking & operate a business right from your house, convert it to a single-family home, etc. Property is right in the heart of St. Catharines, next to Yate Street, where many high-end homes are. Walking distance to the newly built Performing Arts Centre, Brock School of Fine & Performing Arts, Meridian Centre, buses, restaurants, shops, banks, parks, night life, businesses, work, everything in the downtown core - you name it! 4 minutes to highway, 3 minutes to Ridley College,
Detached properties over the last 15 months
Volume & Median Price Trends
How long homes took to sell each month
* Values are estimates only and not a guarantee of lending or affordability.
Compare with similar recently sold properties nearby