180 ONTARIO Street, St. Catharines, Ontario, L2R5K9

Property Description

Well-maintained downtown five plex — a rare and exceptional investment opportunity in the heart of St. Catharines. Ideally located just steps from Montebello Park, close to the new hospital, and within walking distance to downtown shops, restaurants, and public transit, this almost 3,000 sq. ft. building offers strong, stable income with minimal upkeep. The property includes four self-contained one-bedroom units and one two-bedroom unit, each with private kitchen, living area, and bathroom. Fully rented to excellent tenants on month-to-month leases, the building generates over $56,000 in net annual income. Each unit has a separate hydro meter, 1-unit hydro included, adding value and convenience for tenants. Additional highlights include on-site parking for five vehicles and shared laundry facilities. With its efficient layout, great tenants, and downtown location, this turnkey five plex is a fantastic opportunity to own a solid, low-maintenance investment property in a thriving area. (id:64974)

Quick Facts

• Property Type: Multi-family
• Bedrooms: 6
• Bathrooms: 5
• Living Area: 3,000 sq ft (278.7 m²)
• Above Grade: 3,000 sq ft (278.7 m²)
• Ownership: Freehold
• Parking: 5 spaces (Open)
• Frontage: 59 ft (18 m)

Costs

• Annual Taxes: $4,646.00

Listing Provided by: RE/MAX Escarpment Golfi Realty Inc.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.