REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Doug Folsetter

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

$724,900

Est. payment - /mo

5 Beds

3 Baths

1,530 SqFt

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,530 sqft

Price per Sqft $473

MLS Listing ID 40818156

Bedrooms 5

Abv Grd Liv Area 3,004

Year Built 1957

Annual Tax Amount $5,093

Property Sub-Type Multi-3 Unit

Source Cornerstone

Property Description

Rare opportunity to purchase a FULLY LEGAL, TURN-KEY THREE UNIT property with excellent cash flow potential. The home is attractive to investors looking to add to their portfolio or for buyers looking for a house hack opportunity where they live in one unit and rent out the others. Two of the three units will be vacant as of May 1st, allowing you to set market rent and choose your tenants. All three of the units are well-maintained and offer functional layouts, in-suite laundry, full kitchens separate hydro and large windows that make the spaces bright and inviting. >> MAIN FLOOR UNIT (#1) - Currently occupied at $1,995 + hydro. Spacious 3 bedroom, 1 4PC bath unit with updated kitchen appliances and vinyl flooring installed throughout in 2023 (*carpets have just been laid over top by tenant to protect floors). >> BACK UNIT (#2) - Vacant May 1st. Rented @ $1,645 + Hydro. 1 bedroom, 1 3PC bath with private basement rec-room and storage area. >> BASEMENT UNIT (#3) - Vacant. Previously rented for $1,575 + Hydro. Inviting 1 bedroom, 1 4PC bath. Additional income includes $50/month mailbox rental. As an added bonus, the home sits on a generous 172 ft deep lot with double wide concrete driveway accommodating up to 6 vehicles. All legal unit work was completed in 2021 through a thorough renovation process that was permitted and inspected by the city of St. Catharines. Recent updates include: Separate hydro and electrical upgrades throughout (2021). Sonopan soundproofing between units & subfloor in unit #1 (2023). Double-layer fire-rated drywall in basement ceiling (2021). Attic spray foam insulation (2023). Sump Pump (2023). New Vinyl Plank floors in unit #1 (2023). Exterior Paint (2023). Windows in unit #1 (2023). Various plumbing upgrades (2021 & 2023). Located within walking distance to transit, parks, and daily amenities. RSA*

Location

Province ON

County Niagara

Area St. Catharines

Zoning R1

Direction Welland Avenue to Grantham Avenue.

Rooms

Basement Separate Entrance, Full, Finished, Sump Pump

Kitchen 0

Interior

Interior Features Accessory Apartment, Other

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Parking Features Concrete

Roof Type Asphalt Shing

Lot Frontage 64.05

Lot Depth 172.77

Garage No

Building

Lot Description Irregular Lot, Park, Place of Worship, Public Transit, Schools, Shopping Nearby, Other

Faces Welland Avenue to Grantham Avenue.

Story 1

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 1

Structure Type Brick,Vinyl Siding

New Construction No

Schools

Elementary Schools Prince Of Wales Ps, Éé L'Héritage

High Schools Laura Secord Ss

Others

Senior Community false

Tax ID 463220022

Ownership Freehold/None

Read Less Info

Listed by Rock Star Real Estate Inc.

Nearby Locations

GET MORE INFORMATION

Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

250 Grantham Avenue St. Catharines, ON L2M 4Z5

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION

Go tour this home

250 Grantham Avenue