Address
199 Russell Avenue, St. Catharines (Downtown), ON
Price
$ 449,900
Property Attributes
- ID#X13613366
- TypeMulti-Family
- Listing Status Active
- MunicipalitySt. Catharines (Downtown)
- CitySt. Catharines (Downtown)
- Area451 - Downtown
- Neighbourhood451 - Downtown
- Postal CodeL2R 1W9
- Style
- Price$ 449,900
- Bedrooms3+1
- Bathrooms3
- Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
Property Description
Legal Triplex - Turnkey Investment Opportunity! Here's your opportunity to own a legal triplex in St.Catharines' desirable Fitzgerald neighbourhood, conveniently located on Russell Avenue between Niagara Street and Geneva Street. Producing $36,000 in annual gross scheduled rental income, this fully tenanted property offers immediate cash flow and excellent long-term investment potential. The property features three self-contained units, including a main floor one-bedroom apartment, an upper-level two-bedroom unit (with the flexibility to use the second bedroom as a living room, den, or office), and a lower-level one-bedroom apartment. Each unit is separately metered for hydro and gas, while water is owner-paid. The property is serviced by three rented hot water tanks. Major improvements include the house roof (2017), garage roof (2023), professional exterior painting (2025), and completed fire separation upgrades (2026). An Electrical Safety Authority (ESA) certificate will be provided upon completion of the scheduled inspection. An extra-wide detached garage offers excellent storage, and the driveway accommodates parking for four vehicles. Located just minutes from downtown St. Catharines, Montebello Park, restaurants, cafés, shopping, schools, public transit, and highway access, this location is highly desirable for both tenants and investors. A comprehensive due diligence package, including financial statements, leases, utility information, permit history, and a pre-home inspection report, is available to assist buyers in making an informed purchasing decision. Whether you're expanding your investment portfolio or purchasing your first income property, this legal, income-producing triplex offers reliable tenants, documented improvements, and outstanding value in one of St.Catharines' most desirable central neighbourhoods. Move forward with confidence knowing the due diligence has already been done. Don't miss this opportunity! (id:7434)
General Features
| Property Type | Multi-family |
|---|---|
| CommunityName | 451 - Downtown |
| Building Amenities | Separate Electricity Meters |
| Building Basement Features | Walk-up, Separate entrance |
| Building Cooling Type | None |
| Location Description | Cross Streets: Between Geneva St and Niagara St. ** Directions: East off Geneva St. |
| Parking Space Total | 5 |
| Foundation Type | Block |
| Building Type | Triplex |
| Building.StoriesTotal | 2 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Baseboard heaters |
| Building Heating Fuel | Natural gas |
| Basement Development | Finished |
| Basement Type | N/A, Full, N/A, N/A (Finished) |
| Living Area Range | 1100 |
| Bedrooms | 3+1 |
Exterior Features
| Sewer | Sanitary sewer |
|---|---|
| Exterior Finish | Stucco |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| Bedroom | 3.47 m x 3.28 m | Main level | 3.28 m | |
| Kitchen | 4.06 m x 3.13 m | Main level | 3.13 m | |
| Living room | 2.9 m x 4.09 m | Main level | 4.09 m |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in L2R 1W9
Price
In The Neighbourhood
Just Listed
St. Catharines (Downtown)
$ 998,500
- Type
- Multi-Family
- Rooms
- 5 Beds + 3 Baths
ROYAL LEPAGE NRC REALTY
St. Catharines (Downtown)
$ 1,799
- Type
- Multi-Family
- Rooms
- 2 Beds + 1 Baths
RE/MAX NIAGARA REALTY LTD, BROKERAGE
St. Catharines (Downtown)
$ 599,900
- Type
- Multi-Family
- Size
- 2,000 SqFt
- Rooms
- 0 Beds + 0 Baths
RE/MAX GARDEN CITY UPHOUSE REALTY
St. Catharines (Downtown)
$ 1,799
- Type
- Multi-Family
- Rooms
- 2 Beds + 1 Baths
RE/MAX NIAGARA REALTY LTD, BROKERAGE
St. Catharines (Downtown)
$ 1,725
- Type
- Multi-Family
- Rooms
- 2 Beds + 1 Baths
RE/MAX NIAGARA REALTY LTD, BROKERAGE
St. Catharines (Downtown)
$ 1,895
- Type
- Multi-Family
- Rooms
- 1 Beds + 1 Baths
RE/MAX NIAGARA REALTY LTD, BROKERAGE
St. Catharines (Downtown)
$ 1,995
- Type
- Multi-Family
- Rooms
- 2 Beds + 1 Baths
RE/MAX NIAGARA REALTY LTD, BROKERAGE
St. Catharines (Downtown)
$ 1,799
- Type
- Multi-Family
- Rooms
- 2 Beds + 1 Baths
RE/MAX NIAGARA REALTY LTD, BROKERAGE
St. Catharines (Downtown)
$ 1,799
- Type
- Multi-Family
- Rooms
- 2 Beds + 1 Baths
RE/MAX NIAGARA REALTY LTD, BROKERAGE
St. Catharines (Downtown)
$ 2,400,000
- Type
- Multi-Family
- Rooms
- 11 Beds + 11 Baths
RE/MAX GARDEN CITY REALTY INC, BROKERAGE
St. Catharines (Downtown)
$ 1,489,000
- Type
- Multi-Family
- Rooms
- 11 Beds + 7 Baths
REVEL Realty Inc., Brokerage
Data provided by the Ontario Regional Technology & Information Systems. The information is deemed reliable, but is not guaranteed. Not intended to solicit buyers or sellers, landlords or tenants currently under contract.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned