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Currently Running At 90% Occupancy During Peak Months With Yearly Profit Potential Exceeding $150,000. The Current Owners Have Created An Incredible Marketing Platform And Easy To Manage Booking System That Makes This A Turnkey Investment For Even The Novice Investor. This Almost 5 Acre Property Features 8 Efficiency Cabins Each With Their Own Kitchen And Lake Views (2 X 3 Bd/1bath, 4 X 2 Bd/1bath, 1 X 1bd / 1bath, 1 X Bachelor), And A Gorgeously Renovated 4 Bd & 2 Bath Main House To Keep As Your Home Or Provide Further Rental Income. This Resort Has Over 100 Ft Of Sandy Waterfront On The Picturesque Shores Of Lake Cecebe. Endless Activities To Be Enjoyed With The Canoes, Kayaks, Paddle Boards And Pontoon Boats. There Is A Games Room Where Young And Old Can Enjoy Playing Table Tennis, Pool, Video Games And Much More. With A 2.2 Acre Lot Behind The Resort To Be Used For Storage, Parking, Or Further Development To Provide Endless Possibilities. 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Description
6.6% CAP RATE! Investors, seize the opportunity! This meticulously updated 3-unit building in the bustling heart of St. Catharines generates a 6.6% cap rate with a gross income of $60,000. Fully occupied and boasting ample parking with a detached garage, this property is designed for convenience. Recent upgrades, including a new roof (2018), furnace (2018), 2 x 100 amp panels, and modernized flooring, kitchens, and bathrooms in each unit, make it a contemporary and attractive investment. Situated near major highways, shopping centers, bus routes, and public transit hubs, this property offers unmatched accessibility. Whether expanding your portfolio or starting fresh, secure this prime investment opportunity today!
Details
MLS® Number
X11909920
X11909920
Bathrooms
3
3
Property Size
1260 Sqft
1260 Sqft
Additional details
- Utilities: Yes
- Cooling: Yes
- County: Niagara
- Property Type: Commercial Sale
Address
- Address 43 Cosby Avenue
- City St. Catharines
- State/county ON
- Zip/Postal Code L2M 5R7
- Country CA