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8 Pelham Road St. Catharines, Ontario L2S 1P9

5 Bedroom 3 Bathroom 1688 sq. ft
Wall Unit Radiant Heat

$679,900

Calling all savvy investors! Unlock the potential of this prime real estate opportunity in St. Catharines! Currently generating substantial income as a triplex, this property also has the capacity for expansion with the possibility of an additional 4 units, allowing for a total of 7 units. Nestled in the heart of St. Catharines, mere steps from the bustling downtown core, this investment promises both immediate returns and future growth. The existing triplex consists of 2 x 1-bedroom units and 1 x 3-bedroom unit, situated on a spacious lot that opens up the possibilities for additional units. Unit 1 boasts brand-new flooring, while Unit 3 has undergone a recent makeover with a new kitchen and bathroom. The property's updates include a new boiler installed in 2023 and a roof replacement in 2020, ensuring minimal maintenance concerns for the discerning investor. This turn-key investment is not only financially sound as a triplex, but also provides the prospect of increased returns and a strategic investment move. Seize this opportunity to diversify your portfolio and capitalize on the growing real estate market in St. Catharines! (id:38042)

Property Details

MLS® Number 40520719
Property Type Multi-family
Amenities Near By Playground, Public Transit, Schools, Shopping
Community Features School Bus
Equipment Type Water Heater
Parking Space Total 2
Rental Equipment Type Water Heater

Building

Bathroom Total 3
Bedrooms Total 5
Basement Development Unfinished
Basement Type Crawl Space (unfinished)
Cooling Type Wall Unit
Exterior Finish Vinyl Siding
Heating Type Radiant Heat
Stories Total 2
Size Interior 1688
Type Triplex
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Land Amenities Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 118 Ft
Size Frontage 56 Ft
Size Total Text Under 1/2 Acre
Zoning Description M1

Interested?

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