5 College St

Solid and well-built 3 story, 6-unit residential apartment building in an outstanding downtown St. Catharines location. Situated directly between historically relevant Yates Street and Montebello Park, on a quiet side street just a few doors down from public transit. This apartment building has 4 two-bedroom apartments, and 2 large one-bedroom units, each with a full bathroom. The location and quality of the apartments is always in demand, resulting in A+ tenants, and virtually no vacancy. Many updates have been done over the years, including furnace replacements, most roof areas, some windows, aluminum eaves, fascia, soffit and capping, exterior paint, hot water tank replacements, and updates to some of the kitchens, bathrooms and floors. Each unit has its own hydro panel, and tenants pay their own electricity. All units are also equipped with a dedicated gas account to heat their own hot water, with an independent hot water tank per unit. Tenant pays their own gas bill, and landlord pays separate gas bill which is exclusively for the 2 high efficiency forced air gas furnaces. A full and high basement provides common laundry for all tenants, plenty of storage, and may be an opportunity to expand residential living space for future owners. This investment is a rare find on a mature tree lined street, in an exclusive residential neighborhood. A short urban walk to The First Ontario Performing Arts Centre, The Meridan Centre Arena, City Hall and Market Square, and some of Niagara's finest restaurants, cafes, and culinary explorations. Close the Niagara wine route, daily service Go Train, and the central transit hub. (id:54626)