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8 unit apartment building for sale in one of Niagara's most desirable locations. Enjoy this high end area, surrounded by multimillion dollar homes and views of the world famous Henley Regatta. 5 x 2 beds. 2 bachelors, 1 commercial. 5 minute walk to bustling and growing Port Dalhousie beach. Potential to double some 2 bedroom rents. 2 units vacant. Listed approximately at 4 cap on Current income and 5.5-6 cap on turnover rents. Condos similar in size selling for 800K plus in this area. Building is 50% renovated and has potential on turnover or build up to 14 meters for full lake views. Needs roof soon, Instant hot water tank installed this year months old owned. Eavestroughs 1 year. Bursting with potential!! (id:10452)
Property Details
| Property Type | Multi-family |
|---|---|
| Square Feet | 6800.0000 |
| Maintenance | N/A |
| Days On Our Website | 44 |
| Basement | Unfinished - Crawl space (Unfinished) |
| Kitchens | |
| Lot Dimensions | under 1/2 acre |
| Pool | N/A |
| Area | St. Catharines |
| Air Conditioning | None |
| Heating | Electric - Baseboard heaters |
| Exterior | Brick, Other |
| Parking Spaces | 4 |
| Parking Type | None,None |
| Sewers | Municipal sewage system |
| Water | Municipal water |
Listing Office: KELLER WILLIAMS COMPLETE NIAGARA REALTY
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