78 Geneva St St. Catharines, Ontario L2R 4M9
$999,888
Welcome to your next investment venture with 6.5% cap rate 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 21 washer and 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 brochuer link**** EXTRAS **** Located on a main thoroughfare with its own future redevelopment potential, this property promises not just immediate cash flow but also long-term growth prospects. Don't miss out on this rare investment gem in booming St. Catharines (id:46317)
Property Details
| MLS® Number | X8066868 |
| Property Type | Single Family |
| Parking Space Total | 8 |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 7 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 8 |
| Basement Development | Partially Finished |
| Basement Features | Separate Entrance |
| Basement Type | N/a (partially Finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | House |
Land
| Acreage | No |
| Size Irregular | 33.07 X 100.22 Ft ; 24.85ftx39.19ftx100.22ftx33.07ftx99.91ft |
| Size Total Text | 33.07 X 100.22 Ft ; 24.85ftx39.19ftx100.22ftx33.07ftx99.91ft |
https://www.realtor.ca/real-estate/26512924/78-geneva-st-st-catharines
Broker
(647) 689-5841 x700
(877) 439-2339
www.heyaddy.com/
www.facebook.com/abouttorontorealestate
www.twitter.com/heyaddy
https://www.linkedin.com/in/addysaeed/
5865 Mclaughlin Rd #6a
Mississauga, Ontario L4A 3S8
(905) 290-6777
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February 14 2024 08:27:52
Toronto Real Estate Board
RE/MAX Gold Realty Inc.