Description

 Price: $ 2,088,000.00 MLS^®: X13061602         Location : 16-22 LYMAN Street, St. Catharines, ON L2R 5H7

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.

Location Description

LYMAN/RAYMOND

Property Details

• Community: 451 - Downtown
• Property Type: Tenant/Commercial
• Bedrooms: 2
• Garages: None

Building Features

Features

• Heating: Other Other