140 Eastchester Avenue

St. Catharines (E. Chester), Ontario L2P2Z4

MLS # X12918522

$649,000

Property Details

Type

Triplex

Beds

Baths

Status

For Sale

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About this property

Turnkey legal triplex in the heart of St. Catharines offering strong income with an approximate 7% cap rate. Rarely do you find a well maintained property of with three self-contained units, each with separate hydro meters and private in-suite laundry. The building is configured as main floor, upper and lower units with thoughtful updates throughout. A common front foyer provides access to the main and upper units, while the lower unit features a separate rear entrance. The main floor unit offers a spacious living area, oversized kitchen with ample cabinetry, two bedrooms and a four-piece bathroom. This unit also benefits from exclusive access to a private basement space ideal for storage along with its own laundry. The upper unit is nicely updated and features a bright living space, eat-in kitchen with walkout to a private deck, one bedroom, four-piece bathroom and separate laundry. The lower level unit has been well finished with updates including newer kitchen, bathroom and flooring. Offering a large living area, dedicated dining space, one bedroom, four-piece bathroom and its own laundry. Parking is available at both the front and rear of the property. Currently fully tenanted with quality tenants on month-to-month agreements providing immediate income or the option for vacancy for your own use if desired. Ideal for investors seeking a solid, low-maintenance asset or buyers looking to live in one unit while offsetting costs with rental income. Photos have been virtually decluttered to remove tenant belongings.

Mortgage Estimate

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Property taxes: about $367/month based on listed annual taxes.

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Rooms

Room	Level	Dimensions
Living room	Main level	5.33 x 3.66
Other	Basement	5.66 x 4.65
Utility room	Basement	4.78 x 2.34
Bedroom	Main level	3.68 x 2.74
Kitchen	Main level	4.75 x 3.48
Primary Bedroom	Main level	3.96 x 2.92
Living room	Upper Level	4.78 x 3.66
Bedroom	Upper Level	5.13 x 3.51
Kitchen	Upper Level	4.06 x 2.9
Kitchen	Lower level	3.58 x 3.2
Living room	Lower level	7.14 x 3.71
Bedroom	Lower level	3.1 x 3.07