Gurvinder Nokwal REALTOR®
For Sale Multiplex 16 days on market

$639,000

Est. payment $2,829/moCalculate yours

43 COSBY Avenue, St. Catharines, ON L2M 5R7

445 - Facer, St. Catharines, ON L2M 5R7

  • 6 Beds
  • 3 Baths
  • 2 Garage
  • 1,100 Sq Ft
Map

Listing courtesy of REVEL Realty Inc., Brokerage MLS® X13857566

About this home

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 details

Overview

Property Type
Multiplex
Style
1 1/2 Storey
For
For Sale
Status
New
Approximate Age
51-99
Size
1,100 sqft

Interior

Bedrooms
6
Bathrooms
3
Kitchens
3
Basement
Finished, Full

Building & Systems

Heating
Forced Air (Gas)
Cooling
Central Air
Exterior
Vinyl Siding
Foundation
Block
Roof
Asphalt Shingle
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
40 x 90 Feet
Parking
Detached garage · 6 total
Zoning
R2

Financial

Property Taxes
$3,179 (2025)

Location

Neighbourhood
445 - Facer
Cross Street
Dieppe Rd & Welland Ave to Cosby
Direction Faces
West

Listing

MLS® Number
X13857566
Days on Market
16
Listed On
2026-10-02
Possession
Flexible
Listed By
REVEL Realty Inc., Brokerage

Features

Interior

  • Other

Property

  • Hospital
  • Public Transit
  • School Bus Route

Pool

  • None
Included
3 Fridges, 3 Stoves,
Rental items
Hot Water Tank

Mortgage calculator

Minimum for this price: $38,900 (6.09%)

Amortization, years

Estimated mortgage payment

$2,829 per month

Principal and interest
$2,829
Property tax
$265
Estimated monthly cost
$3,094

Your mortgage

Mortgage amount
$511,200
Mortgage insurance
Not needed
Interest over 25 years
$337,606

Cash to close

Down payment
$127,800
Land transfer tax
$9,255
Total, before legal fees
$137,055
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

43 COSBY Avenue, St. Catharines, ON L2M 5R7 445 - Facer, St. Catharines, ON L2M 5R7
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

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