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$ 699,000
Est. payment /mo
New
43 COSBY AVE St. Catharines, ON L2M 5R7
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 445 - Facer
MLS Listing ID X12703164
Style 1 1/2 Storey
Bedrooms 6
Annual Tax Amount $3,180
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Investor Alert - 6.8% Cap Rate in Central St. Catharines! Meticulously updated and fully tenanted, this turnkey 3-unit investment property offers a strong 6.8% cap rate with a solid annual rental income. Each unit has been refreshed with updated flooring, kitchens, and bathrooms, providing a modern and marketable rental product. Major capital improvements include new central air (2025), roof (2018), furnace (2018), and two 100-amp electrical panels. The property also features ample parking plus a detached garage, enhancing tenant convenience and long-term appeal. Ideally located in the core of St. Catharines with quick access to highways, transit routes, shopping, and amenities, this is a strategic addition to any portfolio. A rare opportunity to secure a solid income-producing asset in a high-demand rental market.
Location
Province ON
County Niagara
Area Niagara
Rooms
Family Room No
Basement Finished, Full
Kitchen 3
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Double
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 40.0
Lot Depth 90.0
Total Parking Spaces 6
Building
Building Age 51-99
Unit Features Hospital
Foundation Block
New Construction false
Others
Security Features Carbon Monoxide Detectors
ParcelsYN No
Listed by REVEL Realty Inc., Brokerage