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$630,000
Bedrooms
4+2 Bed
Bathrooms
3
Kitchens
3
63 Permilla Street, St. Catharines, ON L2S 2G4
St. Catharines, ON L2S 2G4
Property Sub Type
Detached
Property Type
Residential Freehold
ATTENTION INVESTORS & HOMEOWNERS! Welcome to 63 Permilla Street, a fantastic opportunity to own a fully detached triplex with 60k annual rental income in the heart of St. Catharines. Ideally situated just steps from the new GO Train station and within walking distance to the prestigious Ridley College, this property offers both immediate rental income and long-term growth potential. Whether youre looking to live in one unit while renting out the other two, or lease all three, this is a solid investment 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 back and lower units are currently vacant, allowing you to set market rents, while the front unit is occupied by a reliable long-term tenant of over two years. Previously fully rented, the property generated strong cash flow and an excellent cap rate. The oversized 42 x 165 ft lot opens the door to future opportunities, including additional parking, outdoor space, or a potential accessory dwelling unit (ADU). A detached garage at the rear of the property adds further value, offering potential for conversion or additional storage.This property is located in one of St. Catharines most up-and-coming areas, with convenient access to public transit, bus routes, downtown, Brock University, shopping, hospitals, and major highways. Whether youre an investor, homeowner, or developer, 63 Permilla Street is a property that delivers flexibility, income potential, and location all in one.Live it. Rent it. Build on it the choice is yours.
