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$ 449,900
Est. payment | /mo
4 Beds
3 Baths
$ 449,900
Est. payment | /mo
4 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 451 - Downtown
MLS Listing ID X13613366
Style 2-Storey
Bedrooms 4
Annual Tax Amount $3,408
Tax Year 2025
Property Sub-Type Triplex
Property Description
Legal Triplex - Turnkey Investment Opportunity! Here's your opportunity to own a legal triplex in St.Catharines' desirable Fitzgerald neighbourhood, conveniently located on Russell Avenue between Niagara Street and Geneva Street. Producing $36,000 in annual gross scheduled rental income, this fully tenanted property offers immediate cash flow and excellent long-term investment potential. The property features three self-contained units, including a main floor one-bedroom apartment, an upper-level two-bedroom unit (with the flexibility to use the second bedroom as a living room, den, or office), and a lower-level one-bedroom apartment. Each unit is separately metered for hydro and gas, while water is owner-paid. The property is serviced by three rented hot water tanks. Major improvements include the house roof (2017), garage roof (2023), professional exterior painting (2025), and completed fire separation upgrades (2026). An Electrical Safety Authority (ESA) certificate will be provided upon completion of the scheduled inspection. An extra-wide detached garage offers excellent storage, and the driveway accommodates parking for four vehicles. Located just minutes from downtown St. Catharines, Montebello Park, restaurants, cafés, shopping, schools, public transit, and highway access, this location is highly desirable for both tenants and investors. A comprehensive due diligence package, including financial statements, leases, utility information, permit history, and a pre-home inspection report, is available to assist buyers in making an informed purchasing decision. Whether you're expanding your investment portfolio or purchasing your first income property, this legal, income-producing triplex offers reliable tenants, documented improvements, and outstanding value in one of St.Catharines' most desirable central neighbourhoods. Move forward with confidence knowing the due diligence has already been done. Don't miss this opportunity!
Location
Province ON
County Niagara
Area Niagara
Rooms
Family Room No
Basement Walk-Up, Full, Separate Entrance, Finished
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 33.0
Lot Depth 132.0
Total Parking Spaces 5
Building
Foundation Concrete Block
Others
ParcelsYN No
Listed by ROYAL LEPAGE NRC REALTY