Added 1 month ago
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Type: Investment
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Property Type: Commercial
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Zoning: R2
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Age: 51-99 years
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Taxes: 3804
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MLS®#: X9414522
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Days on Site: 44 Days
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Added: Oct 04, 2024 (1 month ago)
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Updated:
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Last Checked: 12 hours ago
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Listed By: ROYAL LEPAGE NRC REALTY
This turn-key, fully renovated triplex offers a perfect blend of modern updates and strong financial performance with a 6% cap rate and 24.24% expense ratio. Featuring one (1) spacious 3-bedroom unit and two (2) stylish 2-bedroom units, this triplex is fully rented with exceptional tenants. In a prime central St. Catharines location, walking distance to Prince of Wales Public School, Lester B. Pearson Park, and the shops along Facer Street, with the added convenience of easy highway access to the Q.E.W. and just minutes to the downtown. Updates include: Main Floor Unit Renovation (2020 - kitchen, bathroom, floors, windows and doors), Second Floor Unit Renovation (2020 - kitchen, bathroom, floors, windows and doors), Lower Level Unit Renovation (2022 - kitchen, bathroom, flooring, plumbing, lighting), Asphalt Shingle Roof (2018), Front Porch (2018), Interlock Driveway, Side Courtyard and Backyard Patio, fencing and gates (2019), Boiler (2020), Soffit, Eaves, Flashing, Downspouts (2021), Plumbing - New Sewer Lateral (2022), Electrical Breaker Panels - separated for each individual unit (2022). The recent upgrades and low maintenance requirements make 65 Parkview Road an attractive opportunity for investors. Properties like this don't hit the market often. Don't miss your chance to own one of the nicest triplexes on the market!
Property
Status: Sale
Property Type: Investment
Age: 51-99
Net Income: 16824
Area: St. Catharines
Community: 445 - Facer
Availability Date: Flexible
Assessment Amount: $225,000
Assessment Year: 2024
Inside
Bathrooms: 3
Air Conditioning: Other
Washrooms: 3
Building
Basement: Y
Water Supply: Municipal
Parking
Covered Parking Spaces: 2
Fees
Tax Year: 2024
Tax Legal Description: LT 85 CY PL 97 GRANTHAM; ST. CATHARINES
Taxes: $3,804
Insurance Fee: 2400
Hydro Expense: 3600
Heat Expenses: 1200
Other Expenses: 2220
Land
Cross Street: The subject property
Municipality District: St. Catharines
Parcel Number: 462790076
Sewer: Sewers
Lot Depth: 95 Feet
Lot Frontage: 40 Feet
Zoning: R2
Commercial Specific
Total Area: 2651
Total Area Metric: Sq Ft
Area Influence: Public Transit
E I McCulley Public School
Elementary: PublicCarleton Public School
Elementary: PublicConnaught Public School
Elementary: PublicPrince of Wales Public School
Elementary: PublicLincoln Centennial Public School
Elementary: PublicSt Alfred Catholic Elementary School
Elementary: CatholicLifetime Learning Centre Secondary School
Secondary: PublicSt Catharines Collegiate Institute and Vocational School
Secondary: PublicLaura Secord Secondary School
Secondary: PublicHoly Cross Catholic Secondary School
Secondary: CatholicEden High School
Secondary: PublicGovernor Simcoe Secondary School
Secondary: Public
