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13 days on Market

78 Geneva St, St. Catharines, Ontario L2R 4M9

Townhouse
-
6
~3450 sqft
$599,999
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Townhouse
-
6
~3450 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$173/sqft

Est. Mortgage$2,577/mo

Tax Amount (2023)$3,732/yr

Days On Market13 days


Description

Welcome to a prime investment in downtown St. Catharines! Priced at a 7.05% cap rate with high rental potential. This property features 4/5 vacant residential units: two junior one-bedrooms and three large one-bedrooms, all recently renovated with new floors, kitchens, washrooms, and paint. The projected rent for 1 bedroom is $1200 & $1450. The main floor houses a fully operational laundromat with 8 washers and 4 double-stacked dryers, offering steady income. Additional features include a new radiant hot water heating system, updated boiler systems, and fresh exterior paint with a newer roof. Please see brochure for complete financial details.


Property Details

StyleResidential Income
View-
Age of property-
SqFt~3450 SqFt
Lot Size3,314 SqFt(100.22 x 33.07)
Parking Spaces8
MLS ®Number40682022
Community NameDowntown St. Catharines
Data SourceITSO

Features

Heating: Natural Gas, Radiator
Cooling: Wall Unit(s)
Basement: Separate Entrance, Full, Unfinished

Features

Lot size: 3,314 SqFt
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 8


Property listed by Re/Max Gold Realty Inc., Brokerage, Brokerage
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Population and Demographics

Overview

Total population 3605
Average household income $86,524

Age (%)

20 to 34
32%
50 to 64
19%
65 and plus
19%
35 to 49
17%
0 to 19
13%

Household composition (%)

Single person
54%
Single family
37%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
87%
Others
4%
Spanish
2%
French
2%
Arabic
2%

House tenancy (%)

Renters
73%
Owners
27%

Schools and amenities

Estimated Budget