43 COSBY Avenue, St. Catharines, ON L2M 5R7
St. Catharines, ON, L2M 5R7 · 445 - Facer
About this property
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), furnace (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.
Features & Amenities
- Basement: Finished, Full
- Garage: Detached
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 1 1/2 Storey
- Construction: Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 1 1/2 Storey |
| Bedrooms | 6 |
| Bathrooms | 3 |
| Basement | Finished, Full |
| Garage | Detached |
| Parking Spaces | 4 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $3,179 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Other
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 1 1/2 Storey
- Construction Materials
- Vinyl Siding
- Foundation Details
- Block
- Roof
- Asphalt Shingle
- Basement
- Finished, Full
- Approximate Age
- 51-99
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- Detached
- Garage
- Yes
- Parking Spaces
- 4
- Parking Total
- 6.00
- Parking Features
- Private Double
- Covered Spaces
- 2
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 90.00
- Lot Width
- 40.00
Community & Neighborhood
- Property Features
- Hospital, Public Transit, School Bus Route
Financial & Tax
- Tax Annual Amount
- $3,179
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 9
- Kitchens Above Grade
- 3
- Kitchens Total
- 3
- Bedrooms Above Grade
- 6
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- Niagara
- Cross Street
- Dieppe Rd & Welland Ave to Cosby
- Directions
- Dieppe to Cosby
- Special Designation
- Unknown
- Showing Requirements
- See Brokerage Remarks
Location
43 COSBY Avenue, St. Catharines, ON L2M 5R7, St. Catharines, ON, L2M 5R7