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$2,088,000
Available - For Sale
Listing ID: X13061602
Possibilities abound with this turn-key 8-unit investment opportunity in a prime location near downtown St. Catharines. This well-maintained building features 8 spacious 2-bedroom 1-bathroom units with tenants paying hydro. Currently, there are no vacancies. Also, included as a standout bonus is the leased 37-space parking lot, which currently generates an additional $3200 per month in rental income. Continue leasing for steady cash flow or explore alternative uses to maximize value through your own due diligence. Situated in a high-demand area close to transit, amenities, and the downtown core, this property offers both stability and growth potential and is ideal for investors looking to expand their portfolio with a solid, income-producing asset with an already built-in opportunity for increased returns.
Price $2,088,000
Taxes: $14,664.73
Tax Type: Annual
Occupancy by: Tenant
Address: 16-22 LYMAN Street , St. Catharines, L2R 5H7, Niagara
Postal Code: L2R 5H7
Province/State: Niagara
Legal Description: CP PLAN 2, LOT 527, LOT 528, GRANTHAM, S
Directions/Cross Streets: LYMAN/RAYMOND
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Building Percentage: T
Total Area: 4,628
Total Area Code:  Square Feet
Maintenance: 0
Heat Type: Other
Central Air Conditioning: No
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COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE

16-22 LYMAN Street , St. Catharines, L2R 5H7, Niagara

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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At a Glance:
Type: Com - Investment
Area: Niagara
Municipality: St. Catharines
Neighbourhood: 451 - Downtown
Style:
Lot Size: x 114.30(Feet)
Approximate Age:
Tax: $14,664.73
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949