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

Est payment $2,160/mo
Views   1
Time on Jump  88 day
  • Legal triplex in a desirable neighborhood, ready for investment.
  • Produces $36,000 annual rental income with reliable tenants.
  • Three self-contained units offer flexibility for tenants' needs.
  • Recent major improvements ensure the property is well-maintained.
  • Great location near downtown, parks, and public transit access.



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 Brokerage: ROYAL LEPAGE NRC REALTY

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199 Russell Avenue
St. Catharines , Ontario
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