Great opportunity to purchase a Turn-Key – 4 unit rental property. Located in a central location, close to schools, shopping and highway access. This property has been well cared for by the current owner for the last 9 years. During this time extensive updates and renovations have taken place. Leaving the buyer with no foreseen capital work or major renovations for the foreseeable future. The rents are below market and will allow the buyer plenty of upside when the units turn over. Updates include: Furnace 2018, Shingles 2021, Hot water tank 2021, electrical panel, replacement windows (different stages of replacement). Foundation waterproofing 2013, basement spray foam insulated in 2013, 3 of 4 apartments are separately metered, Rear staircase for 2nd entrance from upper apartment 2019. Fire Safety; There are interconnected smoke and co2 detectors throughout, a sprinkler head in the mechanical room and vertical and horizontal fire separation installed in 2010 (as per city of St.Catharines building permit) All units have received updates, two of the 4 units have stackable washer & dryers, the two bedroom also has a dishwasher. The units themselves have been updated in different stages including but not limited too, pot lighting, glass shower's, vinyl flooring, refinished hardwood, kitchen cabinets and appliances. The exterior is pretty maintenance free, the back of the property is the parking lot as well as storage shed for a lawn mower, garbage, recycling etc.. From the rear of the building you can access the upstairs two bedroom via the newer staircase as well as the lower level one bedroom from it's exclusive entrance. All in all this is a solid investment property in great condition offered at an attractive price.Show Description MLS® Number40270006
Laundry LevelNone, In-Suite
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
BasementFull, Finished
Driveway
Garage Spaces
Heat
A/C
Heating Fuel
Carbon Monoxide Detector, Hot Water Tank Owned, Smoke Detector, 4 X Fridges 4 X Stoves 1 X Overhead Range 2x Dishwashers 2 X Stackable Washer & Dryer Units
