Recently renovated, 15 Sherbourne St. is an investor’s dream. Consisting of two self contained units with private entrances, their own laundry, plenty of parking, and separate hydro meters.
Strategically located in sought-after North End St. Catharines, near the highway for an easy commute to work, 1 minute walk to public transit, and minutes to a commercial plaza with Walmart, Canadian Tire, Tim Hortons, and plenty of food options.
While this property is perfect for investors looking for a quality asset, this property also offers great flexibility for families looking for rental income (live in 1 unit and rent the other), or multi-generational family scenarios.
Main Floor and Basement
Over 1,000 square feet of living space.
Bedrooms: 2 + 1
Approximately 650 square feet.
Unit 1 Rent: $1,600 + Hydro (market value could be up to $1,800)
Unit 2 Rent: $1,400 + Hydro
Total Gross Rental Income: $3,000/ Month + Hydro (Potential gross rental income: $3,200)
Utilities (gas and water): $270
Monthly cashflow: $650 – $850 / month.
[Assumptions: 20% downpayment, 30 year amortization, 1.9% interest rate]
Two fully self-contained units, both above grade.
Strong rental rates.
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78 Grass Avenue, St. Catharines
SOLD for $600,000.
Closed on February 25th, 2021.
58 Mildred Ave, St. Catharines
SOLD for $725,000.
Closing March 31st, 2021.
Due to both units being tenanted, and the Covid-19 situation, the property will only be shown to serious prospective buyers on a mutually agreed day.
Alternatively, if you are an experienced investor, we welcome an offer site unseen.
Please fill in your details below to schedule a showing or request more information.
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