4 Bedroom
3 Bathroom
1500 - 2000 sqft
Fireplace
None
Radiant Heat
$593,000
This well-maintained low-rise residential building offers a strong unit mix of one- and two-bedroom suites, all operated on an all-inclusive basis. The property has seen targeted capital improvements over time, including electrical service upgrades, select exterior improvements, and enhancements to the lower-level heating system, supporting efficient and reliable operations.Offered at under $200,000 per unit, the asset represents an attractive near-7% capitalization rate, providing immediate cash flow with limited management complexity. Situated on a large lot along a busy, high-visibility corridor in a core, near-downtown location, the property also benefits from future upside potential, including the possibility of an ADU addition or longer-term redevelopment, subject to municipal approvals.The vendor is motivated and has identified preferred walkthrough and offering timelines. Please contact your agent for further details. (id:49187)
Property Details
|
MLS® Number
|
X12786104 |
|
Property Type
|
Multi-family |
|
Community Name
|
455 - Secord Woods |
|
Features
|
Lane |
|
Parking Space Total
|
6 |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
4 |
|
Bedrooms Total
|
4 |
|
Appliances
|
Stove, Refrigerator |
|
Basement Type
|
None |
|
Cooling Type
|
None |
|
Exterior Finish
|
Aluminum Siding, Concrete Block |
|
Fireplace Present
|
Yes |
|
Foundation Type
|
Stone |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Radiant Heat |
|
Size Interior
|
1500 - 2000 Sqft |
|
Type
|
Duplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
88 Ft ,2 In |
|
Size Frontage
|
81 Ft ,1 In |
|
Size Irregular
|
81.1 X 88.2 Ft |
|
Size Total Text
|
81.1 X 88.2 Ft |
https://www.realtor.ca/real-estate/29357990/369-glendale-avenue-st-catharines-secord-woods-455-secord-woods