33 Lake Street St. Catharines, Ontario L2R 5W9
$799,500
Well-maintained downtown FIVEPLEX! A rare investment opportunity! Located just steps from Montebello Park and within walking distance to downtown businesses and public transit, this 2,655 sq/ft. apartment building is a fantastic opportunity for investors seeking reliable income. All the units have been recently renovated. This building features five self-contained one-bedroom units, each with a private bedroom, kitchen, living area, and bathroom. Fully rented and currently leased to excellent tenants on month-to-month terms, generating over $60,000 in gross annual income. Each unit includes water, heat, hydro and internet, offering convenience and value for tenants. Additional features include: on-site parking for six vehicles and coin-operated laundry in a shared area. Some other updates include: rear stairs (2020), roof (2016). An easy-to-maintain property with low operating demands. This is an ideal opportunity to maintain a fully leased income property or move into one unit and continue renting out the others. A solid, turnkey investment in a desirable downtown location! (id:47351)
Property Details
| MLS® Number | X12324597 |
| Property Type | Multi-family |
| Community Name | 451 - Downtown |
| Amenities Near By | Park, Place Of Worship, Public Transit |
| Equipment Type | Water Heater |
| Parking Space Total | 6 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Age | 100+ Years |
| Appliances | Water Meter, Dryer, Stove, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 125 Ft |
| Size Frontage | 40 Ft |
| Size Irregular | 40 X 125 Ft |
| Size Total Text | 40 X 125 Ft |
https://www.realtor.ca/real-estate/28689712/33-lake-street-st-catharines-downtown-451-downtown
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August 05 2025 05:28:49
Niagara Association of REALTORS®
Royal LePage NRC Realty