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Additional details
$ 679,900
Est. payment /mo
New
43 COSBY AVE St. Catharines, ON L2M 5R7
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 445 - Facer
MLS Listing ID X13575464
Style 1 1/2 Storey
Bedrooms 6
Annual Tax Amount $3,180
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Turnkey Income Property with 7.0% Cap Rate & Future Upside! Looking for a strong cash-flow investment with immediate income and long-term upside? This fully occupied three-unit income property generates almost $60,000 in annual gross rental income with an impressive 7.0% cap rate at the current asking price. The property has been extensively updated, making it a low-maintenance addition to any investment portfolio. Each suite features modernized flooring, kitchens, and bathrooms, while major capital improvements include a new central air conditioner (2025), roof (2018), furnace (2018), and two 100-amp electrical panels. Investors will appreciate the separately metered hydro, ample on-site parking, detached garage, and fully occupied units providing immediate cash flow from day one. The current rental income offers an attractive return today while still allowing room for future growth as rents continue to align with market levels over time. Located in the heart of St. Catharines, just minutes to Highway 406, downtown, shopping, public transit, Brock University, and everyday amenities, this property is well-positioned in one of Niagara's strongest rental markets. Whether you're adding to an established portfolio or purchasing your first income property, opportunities offering this combination of strong returns, significant capital updates, stable tenancy, and rental upside are increasingly difficult to find.
Location
Province ON
County Niagara
Area Niagara
Rooms
Family Room No
Basement Finished, Full
Kitchen 3
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Double
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 40.0
Lot Depth 90.0
Total Parking Spaces 6
Building
Building Age 51-99
Unit Features Hospital
Foundation Block
New Construction false
Others
Security Features Carbon Monoxide Detectors
ParcelsYN No
Listed by REVEL Realty Inc., Brokerage