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  • DESCRIPTION

    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:5764)

    KEY DETAILS
    • Price:
    • $1,970,000
    • Bedrooms:
    • 10
    • Full Baths:
    • 8
    • Square Footage:
    • 6,800
    • Acreage:
    • n/a
    • Listing #:
    • 40358251
    • Street Address:
    • 51 Main Street
    • City:
    • St. Catharines
    • State:
    • ON
    • Postal Code:
    • L2N 4T8
    • Subdivision:
    • 438 - Port Dalhousie
    • Listing Status:
    • For Sale - Active

    Building

    • Number Of Units:
    • 8
    • Stories:
    • 2
    • Total Building Square Footage:
    • 6800

    Land

    • Road Frontage:
    • 36 Ft

    Listing

    • Originating Mls:
    • Niagara Association Of Realtors

    Structures

    • Parking Spaces:
    • 4

    Systems

    • Has Central Air Conditioning:
    • Yes
    • Heating Fuel:
    • Electric
    • Sewage Type:
    • Municipal Sewage System

    Source

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