43 COSBY Avenue, St. Catharines, ON L2M 5R7
  • $639,000

Overview

  • Multiplex, Style 1 1/2 Storey
  • Type
  • 6
  • Bedrooms
  • 3
  • Bathrooms

Description

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.

  • Address: COSBY
  • City: St. Catharines
  • State/county: Niagara
  • Zip/Postal Code: L2M 5R7
  • Area: Facer

Details

Updated on October 2, 2026 at 10:33 pm
  • Price $639,000
  • Bedrooms 6
  • Bathrooms 3
  • Type Multiplex, Style 1 1/2 Storey
  • Property Status Residential Freehold

Additional details

  • Bedrooms 6
  • Tax Year 2025
  • Square Footage 1100-1500
  • Washrooms 3
  • Kitchens 3
  • Total Kitchens 3
  • Basement Finished, Full
  • Approximate Age 51-99
  • Heating Type Forced Air
  • Heating Fuel Gas
  • Air Conditioning Central Air
  • Sewers Sewer
  • Front 40
  • Depth 90
  • Lot Size Under 0.5 acres
  • Garage Type Detached
  • Driveway Private Double
  • Parking Spaces 4
  • Total Parking Spaces 6
  • Exterior Finish Vinyl Siding
  • Property Orientation West
  • Taxes 3179
  • Occupancy Tenant
  • Cross Street Dieppe Rd & Welland Ave to Cosby
  • Courtesy of REVEL Realty Inc., Brokerage
  • Price per Sq Ft ~$492 (at 1,300 sq ft)
  • Listed Oct 2, 2026 · today

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