32 DAVIDSON STREET, St. Catherines, Ontario
$1,585,000
- 17 Baths
- 4,651 Square Feet
6.5% CAP Rate with Upside Potential to 8.8%! Fully Occupied, Remodelled Investment Property Near Downtown St. Catharines. Rarely available multi-residential property ideally located just minutes from the thriving core of Downtown St. Catharines. Completely remodelled only *4 years ago, this fully occupied building offers contemporary finishes, minimal maintenance, and immediate cash flow with a current net income exceeding $103K and potential to surpass $139K. Property Highlights: 4 Fully Metered Units with 18 Bedrooms, 17 Bathrooms & 4 complete kitchens (all appliances included), plus onsite laundry facilities. *Month-to-month leases allow immediate opportunity to raise rents to current market value. Expansion Opportunity: Potential to add a 4-bedroom, 4-bathroom unit above the existing structure (buyer to verify). Prime Investment Location: Highly desirable downtown area ensures consistent tenant demand and low vacancy. Steps from Brock University, transit routes, hospitals, retail, restaurants, and more.Easy highway access with excellent public transportation connectivity.Investor Benefits: Stable, immediate income with proven cash flow. Modernized building infrastructure (4 separate meters, upgraded electrical). On-site parking, desirable layouts, and a solid history of occupancy. Significant room for rent increases, enhancing future profitability. Act Quickly - Exceptional, turnkey properties like this don't last long. Secure this prime St. Catharines income-producing asset and capitalize on its immediate returns and future growth! (id:56241)
- Listing ID: X12326228
- Property Type: Multi-family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 32 DAVIDSON STREET in St. Catherines Ontario. It was last modified on August 5th, 2025. Contact us to schedule a viewing or to discover other St. Catherines real estate for sale.