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24 Herrick Avenue St. Catharines, Ontario L2P 2S5
8 Bedroom
3 Bathroom
2000
None
Baseboard Heaters
$699,900
Looking for an incredible investment opportunity in the heart of St. Catharines? Look no further! This remarkable triplex presents a lucrative prospect for both seasoned investors and newcomers to the real estate market. Property Highlights: Prime Location - Situated close the vibrant heart of downtown St. Catharines, this triplex is a short convenient drive to shopping, restaurants, parks, and public transportation, making it an attractive option for tenants. Cash Flow - With three fully occupied units generating strong and consistent rental income, this property generates a Cap Rate just under 8%. Well-Maintained Units - 3-3 bedroom units each with a full bathroom, spacious living areas, and shared laundry to ensure tenant satisfaction and retention. Don't miss this chance to add a high-performing asset to your portfolio in a sought-after location. Whether you're a seasoned investor or someone looking to jump into the real estate market, this triplex presents an exceptional opportunity to secure steady cash flow in a rapidly growing area. (id:26677)
Property Details
| MLS® Number | 40501532 |
| Property Type | Multi-family |
| Amenities Near By | Park, Place Of Worship, Playground, Public Transit, Schools |
| Features | Paved Driveway, Laundry- Coin Operated |
| Parking Space Total | 6 |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 8 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1946 |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding, Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 2000 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Playground, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 91 Ft |
| Size Frontage | 45 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/26184524/24-herrick-avenue-st-catharines
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December 05 2023 05:31:14
Niagara Association of REALTORS®
RE/MAX Escarpment Realty Inc., Brokerage
