8 Pelham Road St. Catharines, Ontario L2S 1P9
$669,000
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)
Property Details
| MLS® Number | 40659252 |
| Property Type | Multi-family |
| AmenitiesNearBy | Playground, Public Transit, Schools, Shopping |
| CommunityFeatures | School Bus |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 2 |
| RentalEquipmentType | Water Heater |
Building
| 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 |
Parking
| Detached Garage |
Land
| 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
Interested?
Contact us for more information
Phyllis De Prophetis
Broker
8685 Lundy's Lane, Unit 1
Niagara Falls, Ontario L2H 1H5
Dennis Deprophetis
Salesperson
8685 Lundy's Lane, Unit 3
Niagara Falls, Ontario L2H 1H5
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
October 07 2024 10:30:02
Niagara Association of REALTORS®
Revel Realty Inc., Brokerage