33 Lake ST new Save Request In-Person Tour Request Virtual Tour
St. Catharines,ON L2R 5W9
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision 451 - Downtown
MLS Listing ID X12324597
Style 2-Storey
Bedrooms 5
Building Age 100+
Annual Tax Amount $4,710
Tax Year 2024
Property Sub-Type Multiplex
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!
Location
Province ON
County Niagara
Community 451 - Downtown
Area Niagara
Rooms
Family Room No
Basement Full,Unfinished
Kitchen 5
Interior
Interior Features Accessory Apartment
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Pool None
View Park/Greenbelt,Downtown
Roof Type Asphalt Shingle
Lot Frontage 40.0
Lot Depth 125.0
Total Parking Spaces 6
Building
Unit Features Library,Park,Place Of Worship,Public Transit,Arts Centre
Foundation Block
Others
Security Features Smoke Detector,Carbon Monoxide Detectors