Sold on Jan 20, 2025
Note: Property is not currently for sale or for rent.
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Type: Triplex
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Style: 2-Storey
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Size: 1500 sqft
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Lot Size: 79.2 x 56.64 Feet
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Age: 51-99 years
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Taxes: $4,300 per year
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Days on Site: 117 Days
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Added: Sep 25, 2024 (3 months on market)
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Updated:
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Last Checked: 2 hours ago
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MLS®#: X9367166
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Listed By: Re/max niagara realty ltd, brokerage
Fully Rented, High-Return Legal Triplex The Perfect Investment to Grow Your Porfolio! 6% Cap Rate Strong profitability, fully leased Positive Cash Flow Over $1,000 + in monthly returns! Turn-Key Property Start earning from Day One. This fully rented, newly renovated legal triplex is the ideal investment for those seeking high-yield returns with minimal effort. Each unit has been upgraded with care and modernized under permit for a smooth, worry-free transition. Perfectly located near daycares, schools, and a short walk to transit, this property appeals to a wide range of tenants and provides unmatched convenience. Here's what each unit offers: Cozy and thoughtfully designed, Outfitted with sleek, energy-efficient appliances, Stylish finishes for a modern touch. Each unit has been finished with fresh paint, modern trim, upgraded flooring, and new windows. Individual ductless heating and cooling systems enhance year-round comfort and appeal to todays energy-conscious renters. For savvy investors, a detailed proforma with actual income and expenses is available, showcasing this property's exceptional cash flow. With parking on-site and a prime location, this is a rare, income-generating asset you don't want to miss. Take the next step toward expanding your profitable real estate portfolio today!
Status
Days on Market: 117
Last Status: Sold
Sold Date: Jan 20, 2025
Closed Date: Feb 03, 2025
Expiry Date: Jan 31, 2025
Sold Price: $635,500
Unavailable Date: Jan 20, 2025
Input Date: Sep 25, 2024
Property
Status: Sale
Property Type: Triplex
Style: 2-Storey
Size (sq ft): 1500
Age: 51-99
Area: St. Catharines
Availability Date: immediate
Inside
Bedrooms: 4
Bathrooms: 3
Kitchens: 3
Rooms: 13
Den/Family Room: No
Air Conditioning: Wall Unit
Fireplace: No
Central Vacuum: N
Washrooms: 3
Building
Basement: Crawl Space
Basement 2: Unfinished
Heat Type: Other
Heat Source: Electric
Exterior: Vinyl Siding
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: None
Garage Type: None
Covered Parking Spaces: 3
Total Parking Spaces: 3
Fees
Tax Year: 2023
Tax Legal Description: PT LT 15 CON 5 GRANTHAM AS IN RO636711; ST. CATHARINES
Taxes: $4,300
Highlights
Feature: Public Trans
Feature: School
Land
Cross Street: Welland Ave to Page
Municipality District: St. Catharines
Fronting On: South
Pool: None
Sewer: Sewers
Lot Depth: 56.64 Feet
Lot Frontage: 79.2 Feet
Acres: < .50
Zoning: M1
Additional Media
- Virtual Tour: https://youtube.com/shorts/zAqA_4p5FLU?si=WiFtGwHxLE363DKn
Somewhat Walkable
- Some errands can be accomplished on foot.
Good Transit
- Some errands can be accomplished by public transportation.
Bikeable
- Some errands can be accomplished on bike.
St Nicholas Catholic Elementary School
Elementary: CatholicConnaught Public School
Elementary: PublicÉÉC Immaculée-Conception
Elementary: CatholicPrince of Wales Public School
Elementary: PublicSt Alfred Catholic Elementary School
Elementary: CatholicHarriet Tubman Public School
Elementary: PublicLifetime Learning Centre Secondary School
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-
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