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    Welcome to your next investment venture with a 6.5% cap rate in the heart of St. Catharines! This exceptional property presents a lucrative opportunity for savvy investors. Boasting 4/5 vacant residential units - including two spacious one-bedroom units and three versatile bachelor suites - and a thriving laundromat business on the main floor, equipped with 21 washers and dryer units, this property is primed for immediate income generation. Plus, with the potential to add a sixth unit in the basement, the possibilities or maximizing returns are endless. Updated boiler systems, approved permits, and a detached structure with neighboring properties undergoing redevelopment plans further elevate its value. Data room available in brochure link. **** EXTRAS **** Located on a main thoroughfare with its own future redevelopment potential, this property promises not just immediate cash flow but also long-term growth prospects. Dont miss out this rare investments gem in booming St. Catharines (id:24093)
    Listed by ADDY SAEED of RE/MAX GOLD REALTY INC.

    Property Details of 78 Geneva Street

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    "Based on information submitted to CREA as of April 21, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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