$2,088,000
Available - For Sale
Listing ID: X13061602
16-22 LYMAN Street , St. Catharines, L2R 5H7, Niagara
| Possibilities abound with this turn-key 8-unit investment opportunity in a prime location near downtown St. Catharines. This well-maintained building features 8 spacious 2-bedroom 1-bathroom units with tenants paying hydro. Currently, there are no vacancies. Also, included as a standout bonus is the leased 37-space parking lot, which currently generates an additional $3200 per month in rental income. Continue leasing for steady cash flow or explore alternative uses to maximize value through your own due diligence. Situated in a high-demand area close to transit, amenities, and the downtown core, this property offers both stability and growth potential and is ideal for investors looking to expand their portfolio with a solid, income-producing asset with an already built-in opportunity for increased returns. |
| Price | $2,088,000 |
| Taxes: | $14664.73 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 16-22 LYMAN Street , St. Catharines, L2R 5H7, Niagara |
| Postal Code: | L2R 5H7 |
| Province/State: | Niagara |
| Legal Description: | CP PLAN 2, LOT 527, LOT 528, GRANTHAM, S |
| Directions/Cross Streets: | LYMAN/RAYMOND |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 4628.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Heat Type: | Other |
| Central Air Conditioning: | No |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE |
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Nick Sabouri
Sales Representative
Dir:
416-735-0345
Bus:
416-494-7653
Fax:
416-494-0016
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | St. Catharines |
| Neighbourhood: | 451 - Downtown |
| Tax: | $14,664.73 |
| Fireplace: | N |
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