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Doug Folsetter

doug@folsetter.com +1(905) 515-5494

Listed by Chris Hendriks • RE/MAX Hendriks Team Realty

$649,000

Est. payment - /mo

3 Beds

3 Baths

1,662 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 1,662 sqft

Price per Sqft $390

MLS Listing ID 40814936

Bedrooms 3

Abv Grd Liv Area 1,662

Year Built 1945

Annual Tax Amount $4,398

Property Sub-Type Multi-3 Unit

Source Cornerstone

Property Description

Turnkey legal triplex in the heart of St. Catharines offering strong income with an approximate 7% cap rate. Rarely do you find a well maintained property of with three self-contained units, each with separate hydro meters and private in-suite laundry. The building is configured as main floor, upper and lower units with thoughtful updates throughout. A common front foyer provides access to the main and upper units, while the lower unit features a separate rear entrance. The main floor unit offers a spacious living area, oversized kitchen with ample cabinetry, two bedrooms and a four-piece bathroom. This unit also benefits from exclusive access to a private basement space ideal for storage along with its own laundry. The upper unit is nicely updated and features a bright living space, eat-in kitchen with walkout to a private deck, one bedroom, four-piece bathroom and separate laundry. The lower level unit has been well finished with updates including newer kitchen, bathroom and flooring. Offering a large living area, dedicated dining space, one bedroom, four-piece bathroom and its own laundry. Parking is available at both the front and rear of the property. Currently fully tenanted with quality tenants on month-to-month agreements providing immediate income or the option for vacancy for your own use if desired. Ideal for investors seeking a solid, low-maintenance asset or buyers looking to live in one unit while offsetting costs with rental income. Photos have been virtually decluttered to remove tenant belongings.

Location

Province ON

County Niagara

Area St. Catharines

Zoning R2

Direction Bunting Rd to Eastchester Ave

Rooms

Basement Other, Full, Finished, Sump Pump

Kitchen 0

Interior

Heating Natural Gas, Radiant

Cooling Other

Fireplace No

Appliance Dryer, Refrigerator, Stove, Washer

Laundry Other

Exterior

Roof Type Asphalt

Porch Porch

Lot Frontage 67.41

Lot Depth 110.0

Garage No

Building

Lot Description City Lot, Highway Access, Park, Place of Worship, Public Transit, Shopping Nearby

Faces Bunting Rd to Eastchester Ave

Story 1

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 463290121

Ownership Freehold/None

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Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

140 Eastchester Avenue St. Catharines, ON L2P 2Z4

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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140 Eastchester Avenue