Property Description
ATTENTION INVESTORS & HOMEOWNERS! Welcome to 63 Permilla Street - a rare opportunity to own a fully detached triplex generating approximately $60,000 in annual rental income, ideally located in the heart of St. Catharines. Just steps from the new GO Train station and within walking distance to the prestigious Ridley College, this property offers the perfect blend of immediate income and long-term growth potential. Whether you're looking to live in one unit while renting out the others, or fully lease all three, this property delivers flexibility in a rapidly developing neighbourhood. Each of the three self-contained units features two spacious bedrooms, in-suite laundry, and separate entrances for added privacy. The rear and lower units are currently vacant, allowing buyers to set market rents, while the front unit is occupied by a reliable long-term tenant of over two years. When fully rented, the property has demonstrated strong cash flow and an excellent cap rate. Set on an oversized 42 x 165 ft lot, the property also offers exciting future potential - including additional parking, enhanced outdoor space, or the possibility of a future accessory dwelling unit (ADU). A detached garage at the rear adds further value, ideal for storage or potential conversion. Located in one of the city's most up-and-coming areas, this property provides easy access to public transit, bus routes, downtown, Brock University, shopping, hospitals, and major highways. Whether you're an investor, owner-occupier, or developer, 63 Permilla Street is a versatile property that checks every box. Live it. Rent it. Build on it. The choice is yours. (id:63357)
Property Details
- Property Type
- Detached
- Bedrooms
- 6
- Bathrooms
- 3
- Stories
- 2.0
- Status
- Active
Location & Neighborhood
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