Investment opportunity with strong income and minimal upkeep. This income-generating multi-plex features self-contained units each separately metered for hydro, with in-suite laundry and dedicated parking. Major capital improvements have been completed, including a new A/C (2022), and water heater (2025). Two of the units were created in 2020, offering modern finishes and reduced maintenance. Ground floor units also feature private outdoor spaces. A paved 8-car parking area provides ample space for residents. Currently generating nearly $50,000 in net annual income, this is a solid addition to any investment portfolio. Ideally located with quick access to Highway 406, downtown amenities, the Pen Centre, and public transit within walking distance. The property backs onto a treed area and the Merit Trail, adding privacy and lifestyle appeal for tenants. Zoned R2 non-conforming multi-unit. Previously configured as a doctor's office with residential units, the building has since been converted to its current multi-plex layout. (id:40167)
Property Details
| MLS® Number | X12950496 |
| Property Type | Multi-family |
| Community Name | 456 - Oakdale |
Building
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 2,478 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 124 Ft ,1 In |
| Size Frontage | 67 Ft ,9 In |
| Size Irregular | 67.75 X 124.1 Ft |
| Size Total Text | 67.75 X 124.1 Ft |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/29549678/121-oakdale-avenue-st-catharines-oakdale-456-oakdale
