43 COSBY Avenue, St. Catharines | Image 1

43 COSBY Avenue

St. Catharines, 445 - Facer

  • Commercial

$XXX,XXX
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: R2

  • Age: 51-99 years

  • Taxes: 2900

  • MLS®#: X9414800

  • Days on Site: 47 Days

  • Added: Oct 01, 2024 (1 month ago)

  • Updated:

  • Last Checked: 12 hours ago

  • Listed By: REVEL Realty Inc., Brokerage

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!

Property

  • Status: Sale

  • Property Type: Investment

  • Age: 51-99

  • Area: St. Catharines

  • Community: 445 - Facer

  • Availability Date: Immediate

  • Assessment Amount: $180,000

  • Assessment Year: 2022

Inside

  • Bathrooms: 3

  • Air Conditioning: Central Air

  • Washrooms: 3

Building

  • Basement: Y

  • Heat Type: Forced Air

  • Water Supply: Municipal

Parking

  • Garage Type: Detached

  • Covered Parking Spaces: 4

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 15 CY PL 97 GRANTHAM; ST. CATHARINES

  • Taxes: $2,900

  • Expenses: Est

  • Insurance Fee: 1400

  • Operating Fees: 11400

  • Hydro Expense: 2800

  • Heat Expenses: 2100

  • Other Expenses: 700

Land

  • Cross Street: Dieppe Rd & Welland

  • Municipality District: St. Catharines

  • Parcel Number: 462790051

  • Sewer: Sewers

  • Lot Depth: 90 Feet

  • Lot Frontage: 40 Feet

  • Zoning: R2

Commercial Specific

  • Total Area: 1260

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

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Map of 43 COSBY Avenue, St. Catharines
JK-8

E I McCulley Public School

Elementary: Public
1.60 km
JK-8

Carleton Public School

Elementary: Public
1.57 km
JK-8

Connaught Public School

Elementary: Public
1.17 km
JK-8

Prince of Wales Public School

Elementary: Public
0.37 km
JK-8

Lincoln Centennial Public School

Elementary: Public
1.57 km
JK-8

St Alfred Catholic Elementary School

Elementary: Catholic
0.82 km
9-12

Lifetime Learning Centre Secondary School

Secondary: Public
3.06 km
9-12

St Catharines Collegiate Institute and Vocational School

Secondary: Public
1.92 km
9-12

Laura Secord Secondary School

Secondary: Public
1.05 km
Pre-Grade 9-12

Holy Cross Catholic Secondary School

Secondary: Catholic
3.11 km
9-12

Eden High School

Secondary: Public
2.99 km
9-12

Governor Simcoe Secondary School

Secondary: Public
3.23 km
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