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    For Sale - 199 Russell Avenue, St. Catharines, Ontario

    Est payment $2,160/mo
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    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!
    Listing IDX13613366
    Address199 Russell Avenue
    CitySt. Catharines, Ontario
    Price$449,900
    Bed / Bath4 / 3 Full
    Style2-Storey, Triplex
    ConstructionStucco (Plaster)
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Separate Hydro MeterOwnership FreeholdBasement Walk-Up, Full, Separate Entrance, FinishedFoundation Concrete BlockHeating / Cooling BaseboardHeating Fuel GasSewer Sewer

    Parking 5.00
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    Listing Agency:  ROYAL LEPAGE NRC REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    199 Russell Avenue
    St. Catharines , Ontario
    4 3 $449,900
    Get more info