New Listing
78 Geneva St , St Catharines, ON L2R
St Catharines, ON L2R
Description
Welcome to your next investment venture in the heart of St.Catharines! 5 residential & laundromet. 100K per door or 11% cap rate. This exceptional property presents a lucrative opportunity for savvy investors. Boasting two vacant residential units - two spacious one-bedroom units and three versatile bachelor suites - and a thriving laundromat business on the main floor, equipped with 8 washer and 2 x double dryer units, this property is primed for immediate income generation. Plus, with the potential to add a sixth unit in the basement, the possibilities for maximizing returns are endless. Updated boiler systems, approved permits, and a detached structure with neighbouring properties undergoing redevelopment plans further elevate its value. Data room available in brochure link
Details
| Mls | X11430997 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | New |
| Days On Site | 5 |
| Listing Provided By | RE/MAX GOLD REALTY INC. | Not Provided |
Features
| Sq Feet | 3,450 |
|---|
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Learn More About This Property
| State | ON |
|---|---|
| County | Niagara |
| City | St Catharines |
| Zip Code | L2R |
| Area | 451 Downtown |
| Listing VS Median (in L2R) | |
Price: $599,999 low | high Med: $599,999 SqFt: 3,450 low | high Med: 3,450 $ / SqFt: $174 low | high Med: $174 On Site: 5 low | high Med: 5.000000 | |