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$598,500

172 1/2 Niagara Street, St. Catharines, ON

5 beds - 3 baths - Triplex

Get $7,481 down payment boost on this home

Annual Tax of $3,500

Lot size of 37 x 88

4 Garage Parking

$460 Per Square Foot

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Fully occupied LEGAL TRIPLEX generating $4,700/month in rental income! Upgraded with permits and engineered drawings, with work inspected by the City, this turnkey investment offers 3 self-contained units, each with its own laundry facilities and parking. The property features a charming main floor 1-bedroom unit, a bright lower level bachelor with a walkout, and a spacious 4-bedroom unit with a flexible layout. Improvements include updated plumbing and electrical, fire-rated construction, interconnected smoke alarms and an owned hot water tank. All 3 units are occupied by A+ tenants. Current rents total $56,400 annually and include heat, hydro and water. Conveniently located on a bus route with easy QEW access.

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