89 Beech Street, St. Catharines, ON L2R 2B8

About This Property

Unlock a rare opportunity to own a multi 6-plex portfolio in a thriving rental market. This solid 6-plex unit offers five spacious 2 bedroom apartments and one 1 bedroom apartment, each with ample natural light. This a turn-key acquisition that is fully tenanted with room for upside. Situated on a large, landscaped lot with ample parking. This multi-family complex allows for each unit to have its own utility meter, making for simplified operations and strong expense control. This property offers a valuable income-generating opportunity with the addition of an on-site laundry facility. By installing coin-operated or app-based washers and dryers, investors can create a steady stream of passive revenue while increasing overall tenant satisfaction and retention. This property offers more than just a great location it presents a unique opportunity situated on an oversized lot, ample space for the potential addition of an Accessory Dwelling Unit (ADU), subject to city approval. Even better, the city currently offers a grant program(buyer to do due diligence) that may help offset construction costs, making this an ideal prospect for investors looking to maximize rental income. Don't miss your chance to take advantage and unlock the full potential of this property!

Property Details

Features & Amenities

Location

89 Beech Street, St. Catharines, ON L2R 2B8