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)
- Price:
- $1,970,000
- Bedrooms:
- 10
- Full Baths:
- 8
- Square Footage:
- 6,800
- Listing ID #:
- 40358251
- Street Address:
- 51 Main Street
- City:
- St. Catharines
- Province:
- Ontario
- Postal Code:
- L2N 4T8
- Subdivision:
- 438 - Port Dalhousie
- Listing Status:
- Active
- Listing Type:
- Multi-family
- Number Of Units:
- 8
- Stories:
- 2
- Total Building Square Footage:
- 6800
- Road Frontage:
- 36 Ft
- Originating Mls:
- Niagara Association Of Realtors
- Parking Spaces:
- 4
- Has Central Air Conditioning:
- Yes
- Heating Fuel:
- Electric
- Sewage Type:
- Municipal Sewage System
- Listing Provided By KELLER WILLIAMS COMPLETE NIAGARA REALTY
