Overview
- Updated On:
- October 8, 2024
- 5 Bedrooms
- 3 Bathrooms
- 1,688 ft2
Description
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.
- Principal and Interest
- Property Tax
- HOA fee
