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$999,888
Available - For Sale
Listing ID: X8066868
Welcome to your next investment venture with 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 washer 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 for maximizing returns are endless. Updated boiler systems, approved permits, and a detached structure with neighbouring properties undergoing redevelopment plans further elevate its value. Data room available in brochuer 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. Don't miss out on this rare investment gem in booming St. Catharines
Price $999,888
Taxes: $3,549.59
Assessment Year: 2023
Address: 78 Geneva St , St. Catharines, L2R 4M9, Ontario
Lot Size: 33.07 x 100.22 (Feet)
Directions/Cross Streets: Geneva St & Church St
Rooms: 14
Rooms +: 1
Bedrooms: 7
Bedrooms +: 1
Washrooms: 5
Kitchens: 5
Family Room: N
Basement: Part Fin
Sep Entrance
No. of Pieces Level
Washroom 1 4 2nd
Washroom 2 4 Main
Property Type: Detached
Style: 2-Storey
Exterior: Brick
Stone
Garage Type: None
(Parking/)Drive: Mutual
Drive Parking Spaces: 8
Pool: None
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Central Air
Sewers: Sewers
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX GOLD REALTY INC.

78 Geneva St , St. Catharines, L2R 4M9, Ontario

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Detached
Area: Niagara
Municipality: St. Catharines
Neighbourhood:
Style: 2-Storey
Lot Size: 33.07 x 100.22(Feet)
Approximate Age:
Tax: $3,549.59
Maintenance Fee: $0
Beds: 7+1
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
Locatin Map:
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229


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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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