Quick Summary
Quick Summary
- Lucrative investment opportunity with 5 residential units
- Thriving laundromat business with 8 washers and 4 dryers
- Potential to add a sixth unit in the basement
- Updated boiler systems and approved permits
- Detached structure with redevelopment plans nearby
Welcome to your next investment venture in the heart of St.Catharines! 5 residential & laundromet. 100K per door or 11% cap rate. This exceptional property presents a lucrative opportunity for savvy investors. Boasting two vacant residential units - two spacious one-bedroom units and three versatile bachelor suites - and a thriving... Show More
Welcome to your next investment venture in the heart of St.Catharines! 5 residential & laundromet. 100K per door or 11% cap rate. This exceptional property presents a lucrative opportunity for savvy investors. Boasting two vacant residential units - two spacious one-bedroom units and three versatile bachelor suites - and a thriving laundromat business on the main floor, equipped with 8 washer and 2 x double 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 (id:54626)
Property Details
Size
Lot
Heating & Cooling
Utilities
Book A Private Showing
For Sale Nearby
Sold Nearby
- 4
- 2
- 1,100 - 1,500 Sq. Ft.
- 3
- 2
- 3
- 2
- 4
- 3
- 2
- 2
- 1,100 - 1,500 Sq. Ft.
- 3
- 3
- 700 - 1,100 Sq. Ft.
- 2
- 1
- 700 - 1,100 Sq. Ft.
- 2
- 1
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