205 Queenston Street, St. Catharines, ON 3A5
This four unit income property has been totally renovated top to bottom. Updates throughout include new windows, kitchens, bathrooms, flooring, doors, trim, freshly painted and custom lock sets with a master key for easy access. Healthy financials make this investment a must, boasting a minimum cash flow of $750/m after expenses and debt servicing, a cap rate of 5.1% and a 5.2% ROI. 3 units are tenanted, while the nicest unit is vacant, allowing the option for you to move in and occupy, or set your own rent. Leases are in place and all tenants would like to stay. Located just a walk away from the rejuvenated downtown St. Catharines, on the bus route and close to the QEW and 406 for commuters.