Attention Investors! Turn-Key Triplex with Expansion Potential in Prime St. Catharines Location! Welcome to 8 Pelham Road, a rare investment opportunity offering immediate cash flow and future growth potential. This fully tenanted triplex features two 1-bedroom units and one spacious 3-bedroom unit, providing stable rental income from day one. What truly sets this property apart is its expansion potential, allowing for the addition of four more units - creating a total 7-unit complex and significantly increasing long-term value and returns. Ideally situated just steps from the vibrant downtown core, this location attracts strong tenant demand with easy access to transit, shopping, restaurants, and amenities. Major updates have already been completed, including a new boiler (2023), roof (2020), and recent updates to all interiors, making this a low-maintenance, investor-friendly asset. Whether you're expanding your portfolio, entering the multi-residential market, or looking for a property with serious upside, this is a rare opportunity to secure a high-potential investment in one of St. Catharines' growing neighbourhoods. (id:40167)
Property Details
|
MLS® Number
|
X12829370 |
|
Property Type
|
Multi-family |
|
Community Name
|
458 - Western Hill |
|
Parking Space Total
|
2 |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
5 |
|
Bedrooms Total
|
5 |
|
Basement Type
|
Crawl Space |
|
Cooling Type
|
Wall Unit |
|
Exterior Finish
|
Vinyl Siding |
|
Heating Fuel
|
Other |
|
Heating Type
|
Radiant Heat |
|
Stories Total
|
2 |
|
Size Interior
|
1,500 - 2,000 Ft2 |
|
Type
|
Other |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
118 Ft |
|
Size Frontage
|
56 Ft |
|
Size Irregular
|
56 X 118 Ft |
|
Size Total Text
|
56 X 118 Ft |
|
Zoning Description
|
M1 |
https://www.realtor.ca/real-estate/29410148/8-pelham-road-st-catharines-western-hill-458-western-hill
