78 GENEVA STREET, St. Catharines, Ontario L2R 4M9
$899,888.00
- 8 bedrooms
- 5 bathrooms
7% cap rate! Welcome to your next investment venture 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 8 washer and 4 double stack 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 ... read more
7% cap rate! Welcome to your next investment venture 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 8 washer and 4 double stack 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 brochure link (id:25417)
- Listing ID: X9233128
- Property Type: Single Family
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | 33.1 by 100.2 FT |
| Parking: | 8 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Refrigerator, Stove, Washer and Dryer |
| HVAC: | Central Air Conditioning, Fireplace and Forced Air Natural Gas |
| Exterior: | Brick and Stone |
| Basement: | N/A (Partially Finished) |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| City: | St. Catharines |
| Province: | Ontario |
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