43 COSBY Avenue, St. Catharines, ON L2M 5R7
St. Catharines, ON L2M 5R7
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.
Property facts & features
- Property type
- Multiplex
- MLS® number
- X13857566
- Source status
- New
- Bedrooms
- 6
- Bathrooms
- 3
- Reported interior area
- Not provided
- Neighbourhood
- Not provided
- Postal code
- L2M 5R7
- Parking spaces
- 6
- Garage
- Detached
- Lot depth (source units)
- 90
- Annual property tax
- 3179
- Basement
- Finished, Full
- Laundry
- Not provided
- Interior features
- Other
- Exterior features
- Not provided
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
New · $639,000
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in St. Catharines →Listing brokerage: REVEL Realty Inc., Brokerage. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13857566. Information deemed reliable but not guaranteed.