24 Herrick Ave St. Catharines, Ontario L2P 2S5

9 Bedroom 3 Bathroom
Baseboard Heaters

$699,900

Looking for an incredible investment opportunity in the heart of St. Catharines? This remarkable triplex presents a lucrative prospect for both seasoned investors and newcomers to the real estate market. Property Highlights: Prime downtown Location - 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:26892)

Property Details

MLS® Number X7228428
Property Type Single Family
Amenities Near By Park, Place Of Worship, Public Transit, Schools
Parking Space Total 6

Building

Bathroom Total 3
Bedrooms Above Ground 6
Bedrooms Below Ground 3
Bedrooms Total 9
Basement Development Finished
Basement Features Walk Out
Basement Type Full (finished)
Exterior Finish Aluminum Siding, Vinyl Siding
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 2
Type Triplex

Land

Acreage No
Land Amenities Park, Place Of Worship, Public Transit, Schools
Size Irregular 45 X 91 Ft
Size Total Text 45 X 91 Ft

Rooms

LevelTypeDimensions
Second Level Bedroom 2.44 m x 2.44 m
Second Level Bedroom 2.74 m x 2.44 m
Second Level Bathroom Measurements not available
Second Level Bedroom 2.5 m x 2.44 m
Basement Bedroom 2.44 m x 2.13 m
Basement Bedroom 2.44 m x 2.44 m
Basement Bedroom 2.44 m x 2.74 m
Basement Bathroom Measurements not available
Main Level Bedroom 2.74 m x 2.44 m
Main Level Bedroom 2.44 m x 2.44 m
Main Level Bedroom 2.44 m x 2.13 m
Main Level Bathroom Measurements not available

https://www.realtor.ca/real-estate/26187572/24-herrick-ave-st-catharines

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October 28 2023 10:29:19

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