Added 1 month ago
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Type: Investment
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Property Type: Commercial
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Zoning: M1
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Age: No Data
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Taxes: 3100
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MLS®#: X9415011
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Days on Site: 41 Days
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Added: Oct 07, 2024 (1 month ago)
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Updated:
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Last Checked: 35 minutes ago
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Listed By: REVEL Realty Inc., Brokerage
Investment Opportunity: Triplex with Expansion Potential in Prime St. Catharines Location Attention savvy investors! Discover an exceptional investment at 8 Pelham Rd, St. Catharines. This fully tenanted triplex, featuring 2 x 1-bedroom units and 1 x 3-bedroom unit, offers immediate income and boasts significant upside potential. With city-approved expansion possibilities, this property can accommodate an additional 4 units, transforming it into a 7-unit complex. Strategically located just steps from the vibrant downtown core, it ensures high demand and growth potential. Recent updates include a new boiler (2023), roof (2020), and upgrades in Units 1 and 3. Whether you're seeking stable returns or looking to capitalize on development opportunities, this property is a turn-key investment that positions you to profit from St. Catharines' growing market.
Property
Status: Sale
Property Type: Investment
Area: St. Catharines
Community: 458 - Western Hill
Availability Date: Immediate
Assessment Amount: $208,000
Assessment Year: 2022
Inside
Bathrooms: 3
Air Conditioning: Wall Unit
Washrooms: 3
Building
Basement: Y
Heat Type: Radiant
Water Supply: Municipal
Parking
Garage Type: Detached
Covered Parking Spaces: 2
Fees
Tax Year: 2022
Tax Legal Description: LT 2120 CP PL 2 CITY OF ST. CATHARINES
Taxes: $3,100
Hydro Expense: 2400
Heat Expenses: 2700
Land
Cross Street: Pelham & St. Paul W
Municipality District: St. Catharines
Parcel Number: 461780016
Sewer: Sewers
Lot Depth: 118 Feet
Lot Frontage: 56 Feet
Zoning: M1
Commercial Specific
Total Area: 1688
Total Area Metric: Sq Ft
Area Influence: Public Transit
St Nicholas Catholic Elementary School
Elementary: CatholicDSBN Academy
Elementary: PublicOakridge Public School
Elementary: PublicEdith Cavell Public School
Elementary: PublicWestdale Public School
Elementary: PublicSt Anthony Catholic Elementary School
Elementary: CatholicDSBN Academy
Secondary: PublicSt Catharines Collegiate Institute and Vocational School
Secondary: PublicLaura Secord Secondary School
Secondary: PublicEden High School
Secondary: PublicSir Winston Churchill Secondary School
Secondary: PublicDenis Morris Catholic High School
Secondary: Catholic
