Welcome to a prime investment in downtown St. Catharines! Priced at a 6.11% cap rate with high rental potential. This property features 4/5 vacant residential units: two junior one-bedrooms and three large one-bedrooms, all recently renovated with new floors, kitchens, washrooms, and paint. The projected rent for 1 bedroom is $1200 & $1400. The main floor houses a fully operational laundromat with 8 washers and 4 double-stacked dryers, offering steady income. Additional features include a new radiant hot water heating system, updated boiler systems, and fresh exterior paint with a newer roof. Please see brochure for complete financial details. **** 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. Catharine's. (id:31697)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X8357852 |
| Property Type | Multi-family |
| Features | Irregular Lot Size |
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 3450 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
| 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 |
https://www.realtor.ca/real-estate/26923052/78-geneva-street-st-catharines
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