St. Catharines - 451 - Downtown
St. Catharines - 451 - Downtown
Listed For $1,199,888
Get Pre-approvedTerminated Oct 2024
7% cap rate! Welcome to your next investment venture 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 8 washer and 4 double stack 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
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