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Saad Saleem Tabani
Broker of Record & Home Developer

Meet Saad Saleem Tabani

With over a decade of experience in the Canadian housing market and leading many residential development projects. At Bridge we have honed our skills to provide you with a results-driven real estate experience. We build homes, help families Bridge into their next home and navigate complex real estate trends. Learn more

55 Pelham Road St. Catharines, Ontario L2S1R5

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0
Beds
0
Baths
4,037
Sq. Ft.
$850,000
Active Multi-Family

Property Details

Listed Date: February 8, 2025
Size: 4037 Sq. Ft.
City: St. Catharines
Neighbourhood: West End
Province: Ontario
Postal Code: L2S1R5

Property Features & Amenities

Above ground pool Air exchanger Alarm system All Aluminum siding Atrium/Sunroom Attached Garage Backs on greenbelt Balcony Barbeque

Area Features & Amenities

Proximity to Lake Ontario Access to parks and recreational facilities Shopping centres Public transportation Schools

Cultural & Historical Insights

Feng Shui

The property faces east, which is traditionally associated with new beginnings and vitality.

Numerology

The number 55 in numerology signifies adaptability and personal freedom, making it a favorable address.

Historical Facts

  • St. Catharines is known for its rich history in the shipping industry, particularly with the Welland Canal.
  • The area has been a hub for various cultural events and festivals, reflecting its diverse community.

Community Character

St. Catharines boasts a vibrant community with a mix of families, young professionals, and retirees. The neighborhoods are characterized by their welcoming atmosphere and strong community engagement.

Proximity to Lake Ontario in 55 Pelham, St. Catharines

Discover an exceptional investment opportunity with this solid brick five-plex property for sale in St. Catharines. Priced at $850,000, this well-maintained building boasts a generous square footage of 4,037, making it an ideal choice for seasoned investors and first-time buyers alike. Whether you’re looking to expand your portfolio or make a savvy entry into the real estate market, this property is primed for value addition and offers an attractive rental income potential.

Impressive Features and Recent Updates

This property includes two spacious two-bedroom units and three cozy one-bedroom units, providing a diverse range of living options to attract a variety of tenants. Recent updates enhance the building’s appeal, including modernized windows installed in 2017 and a new boiler motor added in 2018. Cosmetic renovations have been completed in Units 1, 3, and 5, ensuring that these spaces are move-in ready for your future tenants. Each unit is fitted with its own hydro meter, allowing for easy utility management and cost tracking.

For added convenience, the property includes five fridges and five stoves for the tenants’ use, along with one washer and dryer, making it a practical choice for prospective renters. The asphalt parking lot provides five dedicated parking spots, ensuring your tenants have a hassle-free experience when it comes to parking.

Investment Potential in St. Catharines

With three out of five units currently vacant, this property for sale in St. Catharines presents a golden opportunity to set market rents and maximize your return on investment. Unit #1 is rented vacant, ready for new tenants, while Unit #2 is currently generating a rental income of $808.06. Unit #3 is bringing in $1,500, showcasing the rental demand in this thriving area. Units #4 and #5 are also vacant and ready for you to capitalize on the growing rental market. The potential for value addition is substantial, making this an enticing proposition for investors looking to grow their portfolios.

Located in the heart of St. Catharines, this property offers more than just a place to live; it’s in a vibrant community with access to various amenities such as parks, shopping, and dining options. The burgeoning market in this region makes it a prime location for rental properties, ensuring high occupancy rates and steady income streams.

Don’t miss out on this remarkable opportunity to invest in a solid brick five-plex in St. Catharines. Schedule a viewing today to explore the potential this property holds and envision the future it can offer!

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