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InvestmentMLS® X13061602
16-22 LYMAN Street
451 - Downtown, St. Catharines, ON L2R 5H7
$2,088,000
2 Bed
About This Property
Possibilities abound with this turn-key 8-unit investment opportunity in a prime location near downtown St. Catharines. This well-maintained building features 8 spacious 2-bedroom 1-bathroom units with tenants paying hydro. Currently, there are no vacancies. Also, included as a standout bonus is the leased 37-space parking lot, which currently generates an additional $3200 per month in rental income. Continue leasing for steady cash flow or explore alternative uses to maximize value through your own due diligence. Situated in a high-demand area close to transit, amenities, and the downtown core, this property offers both stability and growth potential and is ideal for investors looking to expand their portfolio with a solid, income-producing asset with an already built-in opportunity for increased returns.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
