51 Main Street St. Catharines, Ontario L2N 4T8
$2,100,000
8 unit apartment building for sale in one of Niagara's most desirable locations. Enjoy this high end area, surrounded by multimillion dollar homes and views of the world famous Henley Regatta. 5 x 2 beds. 2 bachelors, 1 commercial. 5 minute walk to bustling and growing Port Dalhousie beach. Potential to double some 2 bedroom rents. 2 units vacant. Listed approximately at 4 cap on Current income and 5.5-6 cap on turnover rents. Condos similar in size selling for 800K plus in this area. Building is 50% renovated and has potential on turnover or build up to 14 meters for full lake views. Needs roof soon, Instant hot water tank 5 months old owned. Eavestroughs 1 year. no VTB available. Bursting with potential!! (id:47723)
Property Details
| MLS® Number | 40282276 |
| Property Type | Multi-family |
| Amenities Near By | Beach |
| Equipment Type | None |
| Features | Beach, Crushed Stone Driveway, Shared Driveway, Laundry- Coin Operated |
| Parking Space Total | 4 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 8 |
| Bedrooms Total | 10 |
| Appliances | Microwave Built-in |
| Basement Development | Unfinished |
| Basement Type | Crawl Space (unfinished) |
| Cooling Type | None |
| Exterior Finish | Brick, Other |
| Fire Protection | Smoke Detectors |
| Foundation Type | None |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 6800 |
| Utility Water | Municipal Water |
Parking
| None |
Land
| Acreage | No |
| Land Amenities | Beach |
| Sewer | Municipal Sewage System |
| Size Depth | 114 Ft |
| Size Frontage | 36 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C3/r3 |
https://www.realtor.ca/real-estate/24575537/51-main-street-st-catharines
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July 31 2022 11:41:42
Niagara Association of REALTORS®
Keller Williams Complete Niagara Realty