43 Cosby Avenue,St. Catharines, ON L2M 5R7
St. Catharines, ON L2M 5R7
Description
Fully occupied three-unit income property generates almost $60,000 in annual gross rental income with an impressive 7.0% cap rate. Each updated suite features modernized flooring, kitchens, and bathrooms, while major capital improvements include a new central air conditioner (2025), roof (2018), furnace (2018), and two 100-amp electrical panels. Investors will appreciate the separately metered hydro, ample on-site parking, detached garage, and fully occupied units providing immediate cash flow from day one. The current rental income offers an attractive return today while still allowing room for future growth as rents continue to align with market levels over time. Located in the heart of St. Catharines, just minutes to Highway 406, downtown, shopping, public transit, Brock University, and everyday amenities, this property is well-positioned in one of Niagara's strongest rental markets. Whether you're adding to an established portfolio or purchasing your first income property, opportunities offering this combination of strong returns, significant capital updates, stable tenancy, and rental upside are increasingly difficult to find.
Details
| MLS # | X13857566 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 20 |
| Listing Provided By | REVEL Realty Inc., Brokerage | X13857566 344728 |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 1 |
| Acreage | 0.08 |
Interior
| Interior Features | Other |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Block |
| Construction Materials | Vinyl Siding |
| Security Features | Carbon Monoxide Detectors |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Private Double |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 3179 |
|---|---|
| Tax Legal Description | LT 15 CY PL 97 GRANTHAM; ST. CATHARINES |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Niagara |
| City | St. Catharines |
| Postal Code | L2M 5R7 |
| Area | 445 Facer |
| Listing VS Median (in L2M 5R7) | |
Price: $639,000 low | high Med: $0 On site: 20 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | St. Catharines |
| Postal Code | L2M 5R7 |
| Area | 445 Facer |
| Listing VS Median (in L2M 5R7) | |
Price: $639,000 low | high Med: $0 On site: 20 low | high Med: | |
