$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
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
Estimated mortgage payment
$2,829 per month
- Principal and interest
- $2,829
- Property tax
- $265
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $137,055
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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