33 LAKE STREET new

St. Catharines (downtown),ON L2R5W9

$ 799500

5 Beds

5 Baths

2500 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $319

Subdivision 451 - Downtown

MLS Listing ID X12324597

Bedrooms 5

Property Description

Well-maintained downtown FIVEPLEX! A rare investment opportunity! Located just steps from Montebello Park and within walking distance to downtown businesses and public transit, this 2,655 sq/ft. apartment building is a fantastic opportunity for investors seeking reliable income. All the units have been recently renovated. This building features five self-contained one-bedroom units, each with a private bedroom, kitchen, living area, and bathroom. Fully rented and currently leased to excellent tenants on month-to-month terms, generating over $60,000 in gross annual income. Each unit includes water, heat, hydro and internet, offering convenience and value for tenants. Additional features include: on-site parking for six vehicles and coin-operated laundry in a shared area. Some other updates include: rear stairs (2020), roof (2016). An easy-to-maintain property with low operating demands. This is an ideal opportunity to maintain a fully leased income property or move into one unit and continue renting out the others. A solid, turnkey investment in a desirable downtown location! (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Radiant heat

Cooling Window air conditioner

Exterior

Parking Features No

View Y/N No

Building

Story 2

Sewer Sanitary sewer

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