172 1/2 Niagara Street, St. Catharines - $598,500

172 1/2 Niagara Street

172 1/2 Niagara Street, St. Catharines

172 1/2 Niagara Street in St. Catharines - 5 bedroom, 3 bathroom. Listed at $598,500.

Fully occupied LEGAL TRIPLEX generating $4,700/month in rental income! Upgraded with permits and engineered drawings, with work inspected by the City, this turnkey investment offers 3 self-contained units, each with its own laundry facilities and parking. The property features a charming main floor 1-bedroom unit, a bright lower level bachelor with a walkout, and a spacious 4-bedroom unit with a flexible layout. Improvements include updated plumbing and electrical, fire-rated construction, interconnected smoke alarms and an owned hot water tank. All 3 units are occupied by A+ tenants. Current rents total $56,400 annually and include heat, hydro and water. Conveniently located on a bus route with easy QEW access.

Property Details

  • Property Type: Mortgage
  • Style: 2-Storey
  • Square Footage: 1300 sqft
  • Basement: Finished with Walk-Out
  • Heating: Gas
  • Cooling: Central Air
  • Parking: 4 spaces
  • Property Taxes: $3,500/yr
  • Neighbourhood: 450 - E. Chester
  • Postal Code: L2R 4L9

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