$639,000 Sale

Listed 10 days ago

43 COSBY AVENUE

MLS® x13857566 Multi Family

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Beds · 6

Baths · 3.0

Parking · 6

Sqft · 1100 - 1500

Est. mortgage

$2,424/mo

Key Facts

Key facts for 43 COSBY AVENUE

Property Type

Apartment

Parking

Garage: Yes, 6 parking

MLS #

X13857566

Size

1100 - 1500 sqft

Basement

Finished, Full (Finished)

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

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), fur...nace (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. (id:10452)

Full Property Details

Interior

Bedrooms

Washrooms

3.0

Square Footage

1100 - 1500 sqft

Basement

Finished, Full (Finished)

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Central air conditioning

Full Bathrooms

Half Bathrooms

Bedrooms

Washrooms

3.0

Square Footage

1100 - 1500 sqft

Basement

Finished, Full (Finished)

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Central air conditioning

Full Bathrooms

Half Bathrooms

Exterior

Acreage

40 x 90 FT|under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Yes

Zoning Description

Land Amenities

Hospital, Public Transit

Acreage

40 x 90 FT|under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Yes

Zoning Description

Land Amenities

Hospital, Public Transit

Building Description

Home Type

Apartment

Subtype

Multi Family

Exterior

Vinyl siding

Sewers

Sanitary sewer

Water Supply

Municipal water

Home Type

Apartment

Subtype

Multi Family

Exterior

Vinyl siding

Sewers

Sanitary sewer

Water Supply

Municipal water

Community

Facer

Area Code

St. Catharines (Facer)

Features

School Bus

Community

Facer

Area Code

St. Catharines (Facer)

Features

School Bus

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