$6000 month income. 10 Long Term Tenants 10 occupied bedrooms for cash flow. Highly needed and in demand rooming house situation. Zoning is R3 and currently recognized as a duplex, 3 hydro meters, 3 separate units each with exterior entrances with 5 bedrooms on 1st and 2nd floor apts. The property is being sold as is with the current long term tenant arrangement -10 occupied rooms @$6000 month, $72000yr. approx $58k Net after taxes, utilities etc. Highly tenantable area with transit and walking distance to grocery, doctors, amenities. 42x96 lot with single drive leading to open rear yard parking. the 1 bed basement apartment is vacant buyer to do their own due diligence on conversion. The basement apt was added by the previous owner, it may need some fire separation retro-fit and an electrical inspection.
Property Type:
Residential Income
Property SubType:
Multi-3 Unit
Listing General Location:
451 - Downtown, St. Catharines
Bedrooms:
11
Bathrooms:
3.0
(Full:-/Half:-)
Lot Details:
96 x 42
Lot Depth:
96'29.3 m
Lot Frontage:
42'12.8 m
Frontage Type:
North
Kitchens:
0
County Or Parish:
Niagara
Features:
Crops Included: No, Garage: No, Inspection ESA: No, Inspection Fire: No, New Construction: No
Construction:
Stucco
Basement:
Full, Partially Finished
Foundation:
Block
Roof:
Asphalt Shing
Number of Storeys:
2
Number of Buildings:
0
Total Floor Area:
1,662 sq. ft.154 m2
Finished Area Above Grade:
1,662 sq. ft.154 m2
Fireplace:
false
Laundry Features:
Coin Operated
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
None
Heating:
Forced Air, Natural Gas
None
Dryer, Refrigerator, Stove, Washer
Accessory Apartment
Hot Water tank
false
No
QEW - Lake St or Ontario St to Carlton Street
No
HST Applicable To Sale Price:
Included
Features:
Crops Included: No, Garage: No, Inspection ESA: No, Inspection Fire: No, New Construction: No
Electric Expense:
$3,000
Insurance Expense:
$2,000
Expenses:
Actual
Heating Expense:
$2,400
Net Income:
$58,881.03
Lease Term Remaining:
tenants are first and last paid now month to month
Leases:
Yes
Zoning:
R3
Exposure / Faces:
North
Lot Site Features:
Urban, City Lot, High Traffic Area, Highway Access, Public Transit, Schools, Shopping Nearby
Features:
Crops Included: No, Garage: No, Inspection ESA: No, Inspection Fire: No, New Construction: No
Data was last updated December 14, 2024 at 01:50 PM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$699,900
Min list price:
$375,000
Max list price:
$1,999,999
Avg days on market:
89
Min days on market:
31
Max days on market:
544
Avg price per sq.ft.:
$323.73
These statistics are generated based on the current listing's property type
and located in
451 - Downtown. Average values are
derived using median calculations.