78 Geneva Street, St. Catharines, ON, L2R 4M9

$949,800

MLS® # 40627964

Investment For Sale In Downtown St. Catharines, St. Catharines, Ontario

$949,800

Property Information:

Welcome to a prime investment in downtown St. Catharines! Priced at a 7.05% 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 & $1450. 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.

Inclusions: Smoke Detector,8 Washers, 4 Double Stack Dryers, 5 Fridge, 5 Stoves, 1 Boiler For Heating, 1 Boiler For Hot Water, 1 Hot Water Tank. Ind Hydro Meters

Exclusions : Tenant Belongings

Building Features:

  • Floor Space: 3450 Square Feet

Property Features:

  • Bedrooms: 5
  • Acres Range: < 0.5
  • Basement: Separate Entrance, Full, Unfinished
  • Construction Materials: Stone
  • Cooling: Wall Unit(s)
  • Driveway Parking: Lane/Alley Parking, Outside/Surface/Open
  • Floor Space (approx): 3450 Square Feet
  • Heating: Natural Gas, Radiator
  • Interior Features: Built-In Appliances
  • Laundry Features: Coin Operated
  • Lot Depth: 100.22 Feet
  • Lot Features: Irregular Lot, Park, Public Transit, Rec./Community Centre
  • Lot Frontage: 33.07 Feet
  • Parking Features: Exclusive, Mutual/Shared, Right-of-Way
  • Road Frontage Type: Public Road
  • Roof: Membrane
  • Security Features: Smoke Detector
  • Water Source: Municipal
  • Zoning: M1- Com/Res Mixed Use
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 8

Courtesy of: Re/Max Gold Realty Inc., Brokerage

Data provided by: Barrie & District Association of REALTORS® 676 Veterans Dr., Barrie, Ontario L9J 0H6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Additional Photos