Investment Opportunity: Triplex with Expansion Potential in Prime St. Catharines Location Attention savvy investors! Discover an exceptional investment at 8 Pelham Rd, St. Catharines. This fully tenanted triplex, featuring 2 x 1-bedroom units and 1 x 3-bedroom unit, offers immediate income and boasts significant upside potential. With city-approved expansion possibilities, this property can accommodate an additional 4 units, transforming it into a 7-unit complex. Strategically located just steps from the vibrant downtown core, it ensures high demand and growth potential. Recent updates include a new boiler (2023), roof (2020), and upgrades in Units 1 and 3. Whether you're seeking stable returns or looking to capitalize on development opportunities, this property is a turn-key investment that positions you to profit from St. Catharines' growing market. (id:50886)
MLS® Number | 40659252 |
Property Type | Multi-family |
AmenitiesNearBy | Playground, Public Transit, Schools, Shopping |
CommunityFeatures | School Bus |
EquipmentType | Water Heater |
ParkingSpaceTotal | 2 |
RentalEquipmentType | Water Heater |
BathroomTotal | 3 |
BedroomsTotal | 5 |
BasementDevelopment | Unfinished |
BasementType | Crawl Space (unfinished) |
CoolingType | Wall Unit |
ExteriorFinish | Vinyl Siding |
HeatingType | Radiant Heat |
StoriesTotal | 2 |
SizeInterior | 1688 Sqft |
Type | Triplex |
UtilityWater | Municipal Water |
Detached Garage |
Acreage | No |
LandAmenities | Playground, Public Transit, Schools, Shopping |
Sewer | Municipal Sewage System |
SizeDepth | 118 Ft |
SizeFrontage | 56 Ft |
SizeTotalText | Under 1/2 Acre |
ZoningDescription | M1 |
https://www.realtor.ca/real-estate/27514548/8-pelham-road-st-catharines
Contact us for more information
Phyllis De Prophetis
Broker
Dennis Deprophetis
Salesperson