16-22 Lyman Street St. Catharines, Ontario L2R 5H7
$2,088,000
Possibilities abound with this turn-key 8-unit investment opportunity in a prime location near downtown St. Catharines. This well-maintained building features 8 spacious 2-bedroom 1-bathroom units with tenants paying hydro. Currently, there are no vacancies. Also, included as a standout bonus is the leased 37-space parking lot, which currently generates an additional $3200 per month in rental income. Continue leasing for steady cash flow or explore alternative uses to maximize value through your own due diligence. Situated in a high-demand area close to transit, amenities, and the downtown core, this property offers both stability and growth potential and is ideal for investors looking to expand their portfolio with a solid, income-producing asset with an already built-in opportunity for increased returns. (id:50964)
Property Details
| MLS® Number | X13061602 |
| Property Type | Multi-family |
| Community Name | 451 - Downtown |
| Parking Space Total | 47 |
Building
| Bedrooms Total | 2 |
| Cooling Type | None |
| Heating Type | Other |
| Size Exterior | 4628 Sqft |
| Size Interior | 4,628 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 114 Ft ,3 In |
| Size Frontage | 175 Ft |
| Size Irregular | Bldg=175 X 114.3 Ft ; 0.46 |
| Size Total Text | Bldg=175 X 114.3 Ft ; 0.46 |
| Zoning Description | M2-93 |
https://www.realtor.ca/real-estate/29677003/16-22-lyman-street-st-catharines-downtown-451-downtown
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May 04 2026 01:26:27
Niagara Association of REALTORS®
Coldwell Banker Advantage Real Estate Inc, Brokerage