224 Ontario Street St. Catharines, Ontario L2R 5L1

$849,000

Great Investment Opportunity. Triplex with Bonus 2 bedroom Basement Apartment. Located at the Heart of Downtown St. Catharines, 224 Ontario Street is on a bus route, a short walk to Montebello Park, Close to Restaurants, Shops, Theatres, Superstore, the QEW, 4th Avenue Shopping, and the Hospital. The building has had Extensive Renovations since 2018. New Windows Throughout, New Siding, All new Pavement allowing for 10 Parking Spots. New Concrete floor and Sectional Roll-up and Man door in Double Detached Garage. New Boiler, Separate Hydro Meters, Lots of New Plumbing and Loads of Upgrades to the Apartments. The building contains 3 Fabulous units: the Main Floor is a one bedroom plus living room, unit has ample storage places, a fully equipped kitchen and a 3pc bathroom; the Second Floor unit has 4 bedrooms, 2 - 3 pc bathrooms, charming enclosed balcony that can extend the living space; the 3rd unit is a bachelor Apartment at the Side of the Building with bright living space, kitchen and a 3pc bathroom. Basement has been fully Renovated, it has 2 bedrooms, kitchen and a 3pc bathroom. Upper unit is Vacant as well as the Double Garage. This Building Produces Great income and Potential Returns on Investment. Bachelor unit is leased at $785 per month, Main Floor 1 bedroom leased at $1250 per month. Upper Vacant Unit has at Least $2400 per month Potential Income or could be Owner Occupied. Basement is leased at $1300 per month and Garage has a $300 per month Potential Income. This Building can Produce a Solid Return on Investment. It's Time to Make This Your Niagara Investment Property. (id:50877)

Property Details

MLS® Number	X12228460
Property Type	Multi-family
Community Name	451 - Downtown
Features	Irregular Lot Size
Parking Space Total	12

Building

Bathroom Total	5
Bedrooms Above Ground	8
Bedrooms Total	8
Age	100+ Years
Appliances	Stove, Refrigerator
Basement Development	Finished
Basement Features	Walk Out
Basement Type	N/a (finished)
Cooling Type	Wall Unit
Exterior Finish	Vinyl Siding, Stucco
Foundation Type	Block, Concrete
Heating Fuel	Natural Gas
Heating Type	Hot Water Radiator Heat
Stories Total	2
Size Interior	2,000 - 2,500 Ft2
Type	Triplex
Utility Water	Municipal Water

Parking

Detached Garage
Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	137 Ft ,3 In
Size Frontage	60 Ft
Size Irregular	60 X 137.3 Ft
Size Total Text	60 X 137.3 Ft

https://www.realtor.ca/real-estate/28484813/224-ontario-street-st-catharines-downtown-451-downtown