78 Geneva

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Description

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 (id:39198)

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Additional media

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Property taxes

$3,732.00 per year / $311.00 per month

Basement

Partially finished, Separate entrance, N/A

Year build

-

Type

Single Family

Bedrooms

8

Bathrooms

5

Parking spots

8 Total

Floor

-

Balcony

-

Pool

-

External material

Brick | Stone

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Forced air, Natural gas

Fire place(s)

-