Outstanding opportunity to acquire a solid 8-unit multifamily asset in a prime St. Catharines location, offered at a strong 5.6% cap rate with approximately $1,080,000 in assumable financing at 4.5% through March 2029. Many suites feature modern shaker kitchens, quartz counters, stainless steel appliances, updated baths, and LVP flooring, allowing investors to step directly into immediate cash flow with minimal near-term capital requirements. Tenants pay hydro individually, reducing landlord utility exposure, while remaining rental upside through natural turnover provides an excellent path to future NOI growth. A rare blend of turnkey stability, favourable debt, and long-term upside. Please note all measurements, lot sizes and building sizes in the listing are approximate and are to be confirmed by the Buyer. (id:28469)
Facts & features
Property
MLS® Number
X12996896
Property Type
Multi-family
Community Name
456 - Oakdale
Building
Cooling Type
None
Heating Fuel
Natural Gas
Heating Type
Forced Air
Type
Multi-family
Utility Water
Municipal Water
Land
Acreage
No
Size Depth
76 Ft ,8 In
Size Frontage
121 Ft ,9 In
Size Irregular
Bldg=121.79 X 76.69 Ft
Size Total Text
Bldg=121.79 X 76.69 Ft
Zoning Description
M1
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Location
41 Hartzel Road, St. Catharines, Ontario L2P 1M6 ·
Get directions