28 Ivy Avenue, St. Catharines, ON L3C 4R4

EXCELLENT LOCATION -EXCELLENT CONDITION -EXCELLENT INCOME…..Welcome to this LEGAL TRIPLEX situated in a nice, quiet residential neighbourhood in Secord Woods. This HOME/investment property has been very well maintained with important UPDATES and offers a SOLID income base with QUALITY tenants. Each unit offers well-attended rooms and a good layout that are attractive to both potential tenants or as a consideration for a PRIMARY RESIDENCE with handsome supplementary INCOME! Some interior features include hardwood floors, large vinyl windows, updated kitchens and bath, and lot’s of closet space. Main floor unit has 2 bedrooms and the upper and lower unit each offer 1 bedroom. Property has a convenient shared laundry room on the lower level, a side deck, LARGE, fenced yard and shed. In addition to the attractive units, the property is equipped with a SPRINKLER system in the basement AND 3 SEPERATE HYDRO meters AND a 200 AMP service. Please refer to financials in supplements. NEW FURNACE AND HOT WATER TANK installed in 2022-owned outright. This is a safe investment that offers $51, 300 in gross annual income with a 6.4% CAP RATE; all while boasting a desirable neighbourhood and close proximity to amenities and public transit. Pride in ownership is evident throughout. Add to your portfolio today!

Details

MLS® Number
X12248409

Bedrooms
4

Bathrooms
3