About this property

Welcome to your next investment venture in the heart of St.Catharines! 5 residential & laundromet. 100K per door or 11% cap rate. This exceptional property presents a lucrative opportunity for savvy investors. Boasting two vacant residential units - two spacious one-bedroom units and three versatile bachelor suites - and a thriving laundromat business on the main floor, equipped with 8 washer and 2 x double dryer units, this property is primed for immediate income generation. Plus, with the potential to add a sixth unit in the basement, the possibilities for maximizing returns are endless. Updated boiler systems, approved permits, and a detached structure with neighbouring properties undergoing redevelopment plans further elevate its value. Data room available in brochure link

Features and Additional Information