SELLER LOOKING FOR HIGEST AND BEST OFFER WITH CLOSING END OF DECEMBER.  OFFER PRESENTATION ON DECEMBER 6, 2024.  CONTACT TODAY TO GET MORE INFO!

Are you seeking an exceptional investment opportunity in the flourishing city of St. Catharines, Ontario? Look no further than this remarkable property that combines five residential units, an operational laundromat business, and immense potential for growth and profitability.

Property Highlights:

Situated in a prime downtown location, this property boasts two junior one-bedroom and three large one-bedroom units and is ready for the next astute investor or buyer. Additionally, the property features a laundromat on the main floor, which is currently in operation with an impressive array of eight washers and four double-stacked dryers.

The potential for further expansion is evident, with an opportunity to add a sixth unit in the basement, elevating the property’s income potential. The property’s exterior is freshly painted and boasts a newer roof, adding to its curb appeal and structural integrity. Moreover, four of the five units have been recently renovated with new floors, kitchens, washrooms, and paint, making them ready for immediate rental. The rear stairs have also been updated with wide, pressure-treated stairs, all completed with permits from St. Catharines.

RENT ROLL

Key Features:

• Updated Systems: The property now includes a new radiant hot water heating system, which will ensure efficiency and comfort for future occupants.
• Future Redevelopment Potential: As a detached property situated on a main thoroughfare in the city, this gem holds tremendous future redevelopment possibilities. The plans for the redevelopment of surrounding properties further enhance its long-term value.
• Investment Benefits: Built with all necessary permits (Building, ESA, Fire Compliance), this property offers an excellent cash flow opportunity. Each unit’s upgraded heating system, including a multi-stage boiler system with Tekmar Controls and individual remote thermostats, guarantees tenant comfort and efficiency.
• Parking Convenience: This property provides parking space for six cars, offering convenience and value for laundromat tenants and potential customers.

Pricing and Investment Opportunity:

Projected cap rate of 11.07% cap rate, this property presents an irresistible opportunity for the right investor seeking a lucrative addition to their portfolio. The cap rate is calculated based on projected rents of $1,200 for the smallest one-bedroom units and $1,550 for the large one-bedroom units. The combination of residential units, an operational business, and the potential for future growth makes it an attractive buy in the burgeoning St. Catharines real estate market.

Conclusion:

This property is a beacon of opportunity for investors looking to capitalize on St. Catharines’ growth trajectory. Its mix of residential units, an established laundromat business, updated systems, and future redevelopment potential make it an enticing prospect for those seeking a profitable real estate venture.

Contact us now to explore this incredible investment opportunity and seize the potential for substantial returns in St. Catharines’ bustling real estate landscape!

Don’t miss out on this prime investment opportunity. Reach out today to schedule a viewing and secure your place in the thriving St. Catharines market.

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We are thrilled to present this exceptional 8-unit apartment building, which will soon be available for $2.85M. With its prime location and impressive financials, this property promises great returns for savvy investors. This investment opportunity is truly special, situated in the charming city of Burlington, known for its scenic waterfront, vibrant downtown, and strong sense of community. Burlington offers a high quality of life, boasting excellent schools, parks, recreational facilities, and a thriving arts and culture scene.

The 8-unit apartment building is a three-story gem, offering spacious and well-maintained units. Each unit is ready to be upgraded to market rents, presenting a fantastic opportunity to increase cash flow and maximize your investment. With a market rent cap rate of 6.55%, this property offers a compelling return on investment in the competitive Burlington real estate market.

Additionally, the building features a large parking lot, providing ample space for tenants and their vehicles. Whether you are a seasoned investor looking to expand your portfolio or a first-time investor seeking a solid income-generating property, this opportunity is not to be missed. To learn more about this exclusive investment opportunity and access detailed information, click the link below or text “exclusive” to +1 (647) 370-9470. Our dedicated team is ready to provide you with comprehensive details and financial projections and assist you throughout the purchasing process.

Invest in Burlington’s thriving real estate market and secure your financial future. Don’t delay—take the first step toward this exceptional opportunity by visiting the link or contacting us today. Seize the moment and make this 8-unit apartment building yours!

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Please take a look at the following sheet and let me know if you have any questions that we can help answer

Financial Review – 8 units on Brock Ave in Toronto

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For more information, I would recommend watching the video below.

If you want to see the financials and follow along, please click here

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There is a running laundromat on the main floor of the building which can be sold along with the building or can continue as a rental depending on the buyer’s preference. Let’s talk and see if this is a good fit for you!

Full Financial Review – 6 Res 1 Com St Catherines

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This 12 unit building is just finishing up the massive renovation to upgrade all the units with nice finishes.  There are 6 renovated units already and 6 are currently under renovations.  There are new tenants moving into the building.

There is a very limited option for showing.  Please contact me asap if you would like to see this building.
Video of the financials below.  You can download the financials by clicking the link below

Detailed Financial Review – 12 Units for Sale in Hamilton Ontario Apartment building

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• Owner Offering Vendor Take Back of 60-80%
• NOI Is Current and Scheduled Is With Allowable 1.8% Increase For 2018
• Separate Hydro Meters Paid By Tenants
• Four Gas Washers and Dryers That Produce Additional Income

Cap rate: 3.63% current

There is room for improvement in this building

Please fill out the form to get additional information

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• 12,500 Square Feet Freestanding Mixed-Use Plaza
• 90% Leased With Only One Vacant Retail Spot
• 9 Residential Apartments
• Mortgage Assumable At 2.5%
• Near Highway 401 & Newly Built Highway 407
• Located In The Largest Municipality of the Durham Region

Rentable Sq Ft 11,890

Current CAP Rate 6.29%

Pro-Forma Cap Rate 7.58%

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• Asking $899,900
• Price per unit $81,809.09
• 2 Storey walk up building all brick with shingle roof
• Large building with 10 x 2 bedrooms and 1 x 3 bedroom

Income and expenses available upon request

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This property is mirror image on both side.  The owner bought the property, gutted it and have renovated it with all permits into a legal six plex located on a major thoroughfare from Downtown Toronto.  The property is located in South Riverdale which is seeing amazing price and rent appreciations due to it’s location and access to services.  Steps from DVP exit off Dundas and Broadview Street car lane, this property hosts a Walk Score of 95, Transit Score of 93 and Bike Score of 99.

There are too many upgrades to list them all here and a complete package is available to interested parties.

Financials

Financial – East Triplex

Financial – West Triplex

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