Property Description for 78 GENEVA Street
Welcome to a prime investment in downtown St. Catharines! Priced at a 6.11% 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 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. Located on a main thoroughfare with its own future redevelopment potential, this property promises not just immediate cash flow but also long-term growth prospects. Dont miss out this rare investments gem in booming St. Catharine's. Details available in brochure and data room available with executed NDA. (id:38686)
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Property Details
Property Tax
: $3,549MLS® #
: 40592275
Home Features
Property Type
: MultiFamilySquare Footage
: 3,450 SQFTSubdivision
: 210 - Downtown
Interior Features
Heating
: Natural gasBasement
: Unfinished, Full
Utilities
Sewer
: Municipal sewage system
Other
Exterior Features
: Brick, Stone
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