CAONSt. Catharines (Downtown)199 Russell Avenue

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199 Russell Avenue, St. Catharines (Downtown), ON

Name: 199 Russell Avenue, For Sale in St. Catharines (Downtown) - eXp Realty
Brand: ROYAL LEPAGE NRC REALTY
SKU: X13613366
Price: 449900 CAD

House

For Sale

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435

MLS® X13613366

Property Details
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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:58753)Show Description

Key Facts

Type Triplex

Levels Residential Income

Size -

Garage Yes

Taxes $3,408

Days Active 29

MLS® Number X13613366

Central VacNo

FireplaceNo

GarageYes

BasementFinished, Full, Separate entrance, Walk-up, N/A

DrivewayDetached Garage, Garage

HeatBaseboard heaters, Natural gas

A/CNone

Additional Information

Siding Stucco

Sewage System Other

Price History

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$XXX,XXXSold Price

Top Secret

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$XXX,XXXList Price

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Home Appraisal

This property is estimated to sell between: $449,000 and $505,000.

Similar properties in this area sold on average for: $486,570

Expected to sell in 2 days. Similar properties sold in 31 days. This home has been on eXp Realty for 29 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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