Rachel Stempski

Broker


LOADING

24 Herrick Avenue St. Catharines, Ontario L2P 2S5

9 Bedroom 3 Bathroom 2000
None Baseboard Heaters

$649,900

Looking for an incredible investment opportunity in the heart of St. Catharines? Look no further! This remarkable triplex presents a lucrative prospect for both seasoned investors and newcomers to the real estate market. Property Highlights: Prime Location - Situated close the vibrant heart of downtown St. Catharines, 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 - Each with 3 bedrooms, 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:50705)

Property Details

MLS® Number 40527964
Property Type Multi-family
Amenities Near By Park, Place Of Worship, Playground, Public Transit, Schools
Features Paved Driveway, Laundry- Coin Operated
Parking Space Total 6

Building

Bathroom Total 3
Bedrooms Total 9
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1946
Cooling Type None
Exterior Finish Aluminum Siding, Vinyl Siding
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Baseboard Heaters
Stories Total 2
Size Interior 2000
Type Triplex
Utility Water Municipal Water

Land

Access Type Road Access, Highway Access
Acreage No
Land Amenities Park, Place Of Worship, Playground, Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 91 Ft
Size Frontage 45 Ft
Size Total Text Under 1/2 Acre
Zoning Description R2

https://www.realtor.ca/real-estate/26402837/24-herrick-avenue-st-catharines

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William Smith
Salesperson

(905) 324-5558
https://www.facebook.com/williamsmithrealty
https://www.linkedin.com/in/william-smith-18504b127/

RE/MAX Escarpment Realty Inc., Brokerage
214 King Street
St. Catharines, Ontario L2V 1W9

(905) 545-1188
remaxescarpment.com/

Kayla Smith
Salesperson

(289) 244-3483

RE/MAX Escarpment Realty Inc., Brokerage
214 King Street #mainb
St. Catharines, Ontario L2V 1W9

(905) 545-1188
remaxescarpment.com/

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