ON > St. Catharines > 451 - Downtown
St. Catharines, ON L2R 5W9,33 Lake ST
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St. Catharines, ON L2R 5W9,33 Lake ST
St. Catharines, ON L2R 5W9,33 Lake ST
St. Catharines, ON L2R 5W9,33 Lake ST
St. Catharines, ON L2R 5W9,33 Lake ST
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Matthew Prior

Matthew Prior

+1(289) 937-1449
$ 799,500
Est. payment /mo
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33 Lake ST St. Catharines, ON L2R 5W9

5 Beds

5 Baths

UPDATED:

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

Listed by ROYAL LEPAGE NRC REALTY
agent

Matthew Prior

Agent

+1(289) 937-1449

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33 Lake ST