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51 Main St

8 Unit Apartment Building $1,208,535 USD ($151,067 USD/Unit) St Catharines, ON L2N 4T8

Investment Highlights

  • Main street which directs traffic to and from the QEW

Executive Summary

Steps from the beach! Cashflow AND long-term upside potential with this 8 unit apartment building. Some balconies offering water views of the Royal Canadian Henley Regatta. Situated in one of Niagara's most desirable neighborhoods, surrounded by multi-million dollar homes, and just a 5-minute walk to the active Port Dalhousie beach front, where there are volleyball tournaments, boat marina, vendors, concerts, and active night life. With water on 3 sides of this neighborhood, your long-term value will always appreciate. Additionally, benefit from the new instant hot water system installed in 2022. This is the main street which directs traffic to and from the QEW - great for your commercial tenant. Acquire this asset with built-in equity today. Small VTB available at list price. Opportunity to get most funds out through CMHC select loan program. Time to step up. Portfolio defining asset with room for growth and near future value over $2m!! Don't miss this!

Property Facts

Price $1,208,535 USD
Price Per Unit $151,067 USD
Sale Type Investment
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Building Size 9,728 SF
No. Stories 2
Year Built 1900

Unit Amenities

  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • Controlled Access
  • Tenant Controlled HVAC
  • Recycling
  • Smoke Free
  • Smoke Detector

zoning

Zoning Code C1
C1
  • Listing ID: 34145320

  • Date on Market: 12/10/2024

  • Last Updated:

  • Address: 51 Main St, St Catharines, ON L2N 4T8

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