8 Pelham Road , St. Catharines, ON L2S 1P9
St. Catharines, ON L2S 1P9
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.
Details
| Mls | 40659252 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Days On Site | 66 |
| Listing Provided By | REVEL Realty Inc., Brokerage | Phyllis De Prophetis |
Features
| Beds | 5 |
|---|---|
| Baths | 3 |
| Sq Feet | 1,688 |
| Garage | 1 |
| Basement | Y |
| Storys | 2 |
| Units | 3 |
| Zoning | M1 |
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Learn More About This Property
| State | ON |
|---|---|
| County | Niagara |
| City | St. Catharines |
| Zip Code | L2S 1P9 |
| Area | St. Catharines |
| Subarea | 458 Western Hill |
| Community Name | 458 Western Hill |
| Listing VS Median (in 458 Western Hill) | |
Price: $669,000 low | high Med: $530,450 SqFt: 1,688 low | high Med: 1,098 $ / SqFt: $396 low | high Med: $499 On Site: 66 low | high Med: 46.500000 | |