78 GENEVA STREET

St. Catharines, Ontario, L2R4M9, Canada

$899,888

7% cap rate! Welcome to your next investment venture in the heart of St. Catharines! This exceptional property presents a lucrative opportunity for savvy investors. Boasting 4/5 vacant residential units - including two spacious one-bedroom units and three versatile bachelor suites - and a thriving laundromat business on the main floor, equipped with 8 washer and 4 double stack dryer units, this property is primed for immediate income generation. Plus, with the potential to add a sixth unit in the basement, the possibilities for maximizing returns are endless. Updated boiler systems, approved permits, and a detached structure with neighbouring properties undergoing redevelopment plans further elevate its value. Data room available in brochure link

Last updated on : Wednesday 18th of September 2024 03:11:14 PM

ADDRESS

Street : 78 GENEVA STREET

City : St. Catharines

Province : Ontario

Country : Canada

Postal Code : L2R4M9

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PROPERTY SUMMARY

Property ID : X9233128

Building Type : House, Detached

Property Type : Single Family

Bedrooms : 7 + 1

Bathrooms : 5

Parking : 8

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