8 Pelham Road St. Catharines (458 - Western Hill), Ontario L2S 1P9
5 Bedroom
3 Bathroom
1688 sqft
Wall Unit
Radiant Heat
$669,000
Investment Opportunity: Triplex with Expansion Potential in Prime St. Catharines Location\r\nAttention 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. (id:48215)
Property Details
| MLS® Number | X9415011 |
| Property Type | Business |
| Community Name | 458 - Western Hill |
| AmenitiesNearBy | Public Transit |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 2 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 3 |
| BedroomsTotal | 5 |
| BasementDevelopment | Unfinished |
| BasementType | Crawl Space (unfinished) |
| CoolingType | Wall Unit |
| ExteriorFinish | Vinyl Siding |
| HeatingType | Radiant Heat |
| SizeInterior | 1688 Sqft |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Sanitary Sewer |
| SizeDepth | 118 Ft |
| SizeFrontage | 56 Ft |
| SizeIrregular | Unit=56 X 118 Ft |
| SizeTotalText | Unit=56 X 118 Ft|under 1/2 Acre |
| ZoningDescription | M1 |
Phyllis De Prophetis
Broker
Revel Realty Inc., Brokerage
8685 Lundy's Lane, Unit 1
Niagara Falls, Ontario L2H 1H5
8685 Lundy's Lane, Unit 1
Niagara Falls, Ontario L2H 1H5
Dennis Deprophetis
Salesperson
Revel Realty Inc., Brokerage
8685 Lundy's Lane, Unit 3
Niagara Falls, Ontario L2H 1H5
8685 Lundy's Lane, Unit 3
Niagara Falls, Ontario L2H 1H5
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November 13 2024 03:50:34
Niagara Association of REALTORS®
Revel Realty Inc., Brokerage