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$849,000
Est. payment /mo
8 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 451 - Downtown
MLS Listing ID X12228460
Style 2-Storey
Bedrooms 8
Building Age 100+
Annual Tax Amount $4,881
Tax Year 2025
Property Sub-Type Triplex
Property Description
Great Investment Opportunity. Triplex with Bonus 2 bedroom Basement Apartment. Located at the Heart of Downtown St. Catharines, 224 Ontario Street is on a bus route, a short walk to Montebello Park, Close to Restaurants, Shops, Theatres, Superstore, the QEW, 4th Avenue Shopping, and the Hospital. The building has had Extensive Renovations since 2018. New Windows Throughout, New Siding, All new Pavement allowing for 10 Parking Spots. New Concrete floor and Sectional Roll-up and Man door in Double Detached Garage. New Boiler, Separate Hydro Meters, Lots of New Plumbing and Loads of Upgrades to the Apartments. The building contains 3 Fabulous units: the Main Floor is a one bedroom plus living room, unit has ample storage places, a fully equipped kitchen and a 3pc bathroom; the Second Floor unit has 4 bedrooms, 2 - 3 pc bathrooms, charming enclosed balcony that can extend the living space; the 3rd unit is a bachelor Apartment at the Side of the Building with bright living space, kitchen and a 3pc bathroom. Basement has been fully Renovated, it has 2 bedrooms, kitchen and a 3pc bathroom. Upper unit is Vacant as well as the Double Garage. This Building Produces Great income and Potential Returns on Investment. Bachelor unit is leased at $785 per month, Main Floor 1 bedroom leased at $1250 per month. Upper Vacant Unit has at Least $2400 per month Potential Income or could be Owner Occupied. Basement is leased at $1300 per month and Garage has a $300 per month Potential Income. This Building can Produce a Solid Return on Investment. It's Time to Make This Your Niagara Investment Property.
Location
Province ON
County Niagara
Community 451 - Downtown
Area Niagara
Rooms
Family Room No
Basement Finished with Walk-Out
Kitchen 4
Interior
Interior Features Accessory Apartment
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 60.0
Lot Depth 137.3
Total Parking Spaces 12
Building
Foundation Block, Concrete
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Listed by RE/MAX GARDEN CITY REALTY INC.