78 Geneva St St. Catharines, Ontario L2R 4M9
$999,888
Welcome to your next investment venture with a 6.5% cap rate in the heart of St. Catharines! This exceptional property presents a lucrative opportunity for savvy investors. Boasting 4/5 vacant residential units - including two spacious one-bedroom units and three versatile bachelor suites - and a thriving laundromat business on the main floor, equipped with 21 washers and dryer units, this property is primed for immediate income generation. Plus, with the potential to add a sixth unit in the basement, the possibilities or maximizing returns are endless. Updated boiler systems, approved permits, and a detached structure with neighboring properties undergoing redevelopment plans further elevate its value. Data room available in brochure link. **** EXTRAS **** Located on a main thoroughfare with its own future redevelopment potential, this property promises not just immediate cash flow but also long-term growth prospects. Dont miss out this rare investments gem in booming St. Catharines (id:27910)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X8066882 |
| Property Type | Multi-family |
Building
| Cooling Type | Partially Air Conditioned |
| Size Interior | 3450 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Irregular | Unit=33.07 X 100.22 Ft ; 24.85ft. X 39.19ft. X 100.22ft X 33.07ft |
| Size Total Text | Unit=33.07 X 100.22 Ft ; 24.85ft. X 39.19ft. X 100.22ft X 33.07ft |
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April 03 2024 05:24:00
Toronto Real Estate Board
RE/MAX Gold Realty Inc.