51 MAIN Street , St. Catharines

10 Bed / 8 Bath / $1,970,000 / MLS® Listing #:40358251


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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)
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


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