$949,900
St. Catharines
17 Hainer Street, St. Catharines (Western Hill), Ontario, L2S1M5
This multi-family property in St. Catharines is for sale.
Can you hear the GO TRAIN??? The Tenants in This EXTRA EXTRA LARGE LEGAL FOUR UNIT apartment building almost can. The Location for this complex is Fantastic as it is within a short walk of the New Proposed GO TRAIN STATION!! All units are identical layouts of each other and each unit offers a formal Livingroom, a separate Dining room, Kitchen, 4 pc bathroom, 3 good sized bedrooms and outside living space on a pressure treated deck/balcony. This Turn Key investment has huge upside potential. Everything is at your fingertips with a 5 minute walk to downtown St. Catharines with all the many amenities it offers such as shopping, cafes/restaurants/bars, theatre, OHL Hockey, Concerts, Library and the downtown Brock University satellite campus. Schools, parks, hiking trails, nature reserves, and fantastic fishing spots are also all in the immediate neighbourhood. The Via Rail, Go station, city buses & Hwy 406 are just around the corner for the simplest of commutes. This 2 story 4 unit apartment building fronts on two separate roads and offers approximately 160 feet of road frontage which is prime for any future development. All units are currently fully rented. The two main floor Tenants are month to month longer term tenants. All of the units come with a fridge, stove, hardwood flooring and have been refurbished with newer kitchens, 4pc bathrooms and replacement vinyl double-paned windows. Each unit has their own electric breaker panel, electric baseboard heat, hot water heaters (2 are rented and 2 are owned)and separate hydro meters and all Tenants except for one unit pay their own hydro. This is a very easy property to maintain, a fantastic money maker and should not be missed as it will not last. This Turn-Key Investment Is Ready To Generate Income While Providing Incredible Upside For The Future. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 181 days on market, against an average age of 71 days across the listings currently for sale in this city
This 12-bed multi-family in St. Catharines (Western Hill) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $949,900, about 11.6× the local median household income of $82,000.
Carrying it typically needs a household income of about $185,549 (20% down, 25-yr amortization, stress-tested) — roughly 126% above the area median.
Source: Statistics Canada, 2021 Census (FSA L2S)
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Loading rates, 30-yr amortization
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