43 COSBY Avenue, St. Catharines, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey multiplex located in the coveted neighborhood of 445 - Facer. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $679,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 6 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 40 x 90 ft lot
- Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Turnkey Income Property with 7.0% Cap Rate & Future Upside! Looking for a strong cash-flow investment with immediate income and long-term upside? This fully occupied three-unit income property generates almost $60,000 in annual gross rental income with an impressive 7.0% cap rate at the current asking price. The property has been extensively updated, making it a low-maintenance addition to any investment portfolio. Each 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.
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Property Summary
This multiplex located at 43 COSBY Avenue, St. Catharines is currently for sale and has been available on SousaSells for 0 days. This property is listed at $679,900 with an estimated mortgage of $2,263* per month. It has 6 beds, 3 bathrooms, and is 1100-1500 square feet. 43 COSBY Avenue, St. Catharines is in the 445 - Facer neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 43 COSBY Avenue, St. Catharines, ON L2M 5R7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in St. Catharines, ON
For a property listed at $679,900 in St. Catharines, the legal minimum down payment is $42,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $10,073 for this transaction. As this listing is in St. Catharines (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $10,073.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.