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Investment Opportunity: Triplex with Expansion Potential in Prime St. Catharines Location Attention savvy investors! Discover an exceptional investment at 8 Pelham Rd, St. Catharines. This fully tenanted triplex, featuring 2 x 1-bedroom units and 1 x 3-bedroom unit, offers immediate income and boasts significant upside potential. With city-approved expansion possibilities, this property can accommodate an additional 4 units, transforming it into a 7-unit complex. Strategically located just steps from the vibrant downtown core, it ensures high demand and growth potential. Recent updates include a new boiler (2023), roof (2020), and upgrades in Units 1 and 3. Whether you're seeking stable returns or looking to capitalize on development opportunities, this property is a turn-key investment that positions you to profit from St. Catharines' growing market.
City: St. Catharines
Neighborhood: Western Hill
Purchase Price | $669000 |
Down Payment | $133800 |
Mortgage Insurance | $0 |
Total Mortgage | $535200 |
Mortgage Payment | $3298 |
Property Taxes | $258 |
Maintenance Fees | $0 |
Monthly Payment | $3556 |
Located at 8 Pelham Rd , this St. Catharines house is available for sale. This property was listed for $669,000 on Thu Mar 20 2025. This house's size is 1500-2000 Sqft. It has 5 bedrooms and 3 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 2 parking spots. 8 Pelham Rd, St. Catharines is situated in the Western Hill neighbourhood.
MLS#: X11971607 · $669,000 · 5 bedroom house in Western Hill, St. Catharines