Property Description
Fantastic opportunity to own impressive multi-residential building within walking distance to downtown St. Catharines. Five stunning self contained units and rough-in for a 6th unit. Separate hydro meters, individual smoke and CO2 alarms, in-suite laundry and five brand new appliances in each unit. Entire building has been professionally renovated and engineered with all permits. Lot offers new paved driveway and 9 parking spaces, fence, picnic area with bbq and gazebo, new sod and landscaping. Building renovations and improvements within the last 12 months include foundation with waterproof membrane and weeping tile, asphalt shingles, windows, outside doors, stucco, front porch, framing, upgraded insulation, wiring, plumbing, drywall, doors, high end vinyl flooring, resilient channels for sound proofing, professional fire alarm and suppression system, and HD video surveillance system. Each unit offers custom kitchen with quartz countertops, stainless steel kitchen appliances, stunning bathroom with walk-in shower, porcelain tiles and shower doors, in-suite washer and dryer, and custom closet organizers. Individual smoke and carbon monoxide alarms and LED lighting. Parking for up to 9 cars. Current rental income 2x2bdrm units $1,600 each +utilities, leased in December 2020 and 1x$1500 +utilities 2bdrm basement unit leased February 1st. Projected rental income 2x3bdrm units $1800 each +utilities. Option for additional rent in unfinished basement apartment. Owner pays water, insurance, and property taxes. Immediate possession available.