8 Pelham Road St. Catharines, Ontario L2S 1P9

5 Bedroom 3 Bathroom 1,500 - 2,000 ft2
Wall Unit Radiant Heat

$679,900

Attention Investors! Turn-Key Triplex with Expansion Potential in Prime St. Catharines Location! Welcome to 8 Pelham Road, a rare investment opportunity offering immediate cash flow and future growth potential. This fully tenanted triplex features two 1-bedroom units and one spacious 3-bedroom unit, providing stable rental income from day one. What truly sets this property apart is its expansion potential, allowing for the addition of four more units - creating a total 7-unit complex and significantly increasing long-term value and returns. Ideally situated just steps from the vibrant downtown core, this location attracts strong tenant demand with easy access to transit, shopping, restaurants, and amenities. Major updates have already been completed, including a new boiler (2023), roof (2020), and recent updates to all interiors, making this a low-maintenance, investor-friendly asset. Whether you're expanding your portfolio, entering the multi-residential market, or looking for a property with serious upside, this is a rare opportunity to secure a high-potential investment in one of St. Catharines' growing neighbourhoods. Financial statements available upon request. (id:47351)

Property Details

MLS® Number X12829370
Property Type Multi-family
Community Name 458 - Western Hill
Parking Space Total 2

Building

Bathroom Total 3
Bedrooms Above Ground 5
Bedrooms Total 5
Basement Type Crawl Space
Cooling Type Wall Unit
Exterior Finish Vinyl Siding
Heating Fuel Other
Heating Type Radiant Heat
Stories Total 2
Size Interior 1,500 - 2,000 Ft2
Type Other
Utility Water Municipal Water

Parking

Detached Garage
Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 118 Ft
Size Frontage 56 Ft
Size Irregular 56 X 118 Ft
Size Total Text 56 X 118 Ft
Zoning Description M1

https://www.realtor.ca/real-estate/29410148/8-pelham-road-st-catharines-western-hill-458-western-hill