2,478 sqft
Fully Air Conditioned
Forced Air
$849,900
Investment opportunity with strong income and minimal upkeep. This income-generating multi-plex features self-contained units each separately metered for hydro, with in-suite laundry and dedicated parking. Major capital improvements have been completed, including a new A/C (2022), and water heater (2025). Two of the units were created in 2020, offering modern finishes and reduced maintenance. Ground floor units also feature private outdoor spaces. A paved 8-car parking area provides ample space for residents. Currently generating nearly $50,000 in net annual income, this is a solid addition to any investment portfolio. Ideally located with quick access to Highway 406, downtown amenities, the Pen Centre, and public transit within walking distance. The property backs onto a treed area and the Merit Trail, adding privacy and lifestyle appeal for tenants. Zoned R2 non-conforming multi-unit. Previously configured as a doctor's office with residential units, the building has since been converted to its current multi-plex layout. (id:47351)
Property Details
|
MLS® Number
|
X12950496 |
|
Property Type
|
Multi-family |
|
Community Name
|
456 - Oakdale |
Building
|
Cooling Type
|
Fully Air Conditioned |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Size Interior
|
2,478 Sqft |
|
Type
|
Multi-family |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Size Depth
|
124 Ft ,1 In |
|
Size Frontage
|
67 Ft ,9 In |
|
Size Irregular
|
67.75 X 124.1 Ft |
|
Size Total Text
|
67.75 X 124.1 Ft |
|
Zoning Description
|
R2 |
https://www.realtor.ca/real-estate/29549678/121-oakdale-avenue-st-catharines-oakdale-456-oakdale