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.
MLS# | 40659252 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Days On Site | 32 |
Listing Provided By | REVEL Realty Inc., Brokerage | Phyllis De Prophetis |
Bed(s) | 5 |
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Bath(s) | 3 |
SQ Feet | 1,688 |
Garage | 1 |
Basement | Y |
Story(s) | 2 |
Units | 3 |
Zoning | M1 |
Province | ON |
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County | Niagara |
City | St. Catharines |
Postal Code | L2S 1P9 |
Area | St. Catharines |
Subarea | 458 Western Hill |
Community Name | 458 Western Hill |
Listing VS Median (in 458 Western Hill) | |
Price: $669,000 low | high Med: $537,450 SqFt: 1,688 low | high Med: 1,378 $ / SqFt: $396 low | high Med: $391 On Site: 32 low | high Med: 27.000000 |