43 COSBY Avenue

Nestled in the heart of St. Catharines, 43 Cosby Avenue presents an exceptional opportunity for investors seeking a Multi-Family Home for sale in St. Catharines . This meticulously updated multiplex boasts three distinct units, making it a prime choice for those looking to expand their property portfolio. With a strong cap rate of 6.8%, this fully tenanted investment property promises a solid annual rental income, making it a strategic addition to any real estate portfolio.

The property is situated in the 445 - Facer community, an area renowned for its accessibility and vibrant atmosphere. With the cross streets of Dieppe Road and Welland Avenue leading directly to Cosby, the location offers easy access to major highways, public transit routes, shopping, and various amenities. This convenience is a significant draw for potential tenants, enhancing the overall appeal of this Multi-Family Home for sale in St. Catharines.

Spanning an impressive 40 x 90 feet, the property features a finished full basement, providing additional space that can be utilised for storage or other purposes. The exterior of the building is clad in durable vinyl siding, ensuring both aesthetic appeal and low maintenance. With a building style of 1 1/2 storeys, the property has been thoughtfully designed to maximise space and functionality.

Inside, the Multi-Family Home for sale in St. Catharines comprises a total of nine rooms, including three well-appointed kitchens, six bedrooms, and three bathrooms. Each unit has been refreshed with modern flooring, kitchens, and bathrooms, offering a marketable rental product that meets the expectations of today’s tenants. The absence of a den and family room allows for a more open layout, making the most of the available space.

One of the standout features of this property is the central air conditioning system, installed in 2025, which ensures comfort for tenants during the warmer months. The heating system is powered by forced air, with a furnace that was replaced in 2018, ensuring reliability and efficiency. The property is connected to municipal water and sewer systems, providing essential services without the hassle of private systems.

For those concerned about parking, the property offers a private double driveway, accommodating up to four vehicles. Additionally, there is a detached garage that provides space for two cars, enhancing tenant convenience and increasing the property’s appeal. The absence of a pool and fireplace may be seen as a drawback for some, but the focus on functionality and modern amenities compensates for these features.

As an unfurnished property, the Multi-Family Home for sale in St. Catharines allows tenants the freedom to personalise their living spaces according to their tastes and preferences. The property’s age, ranging between 51 to 99 years, adds character and charm, while the recent capital improvements, including a new roof installed in 2018 and two 100-amp electrical panels, ensure that the property is up to current standards.

In conclusion, 43 Cosby Avenue, St. Catharines, represents a rare opportunity to secure a solid income-producing asset in a high-demand rental market. The combination of a strong cap rate, updated amenities, and a prime location makes this Multi-Family Home for sale in St. Catharines a compelling choice for investors. With its strategic location and modern features, this property is poised to attract quality tenants and generate substantial returns. Don’t miss the chance to add this exceptional property to your investment portfolio.

The 445 - Facer area in St. Catharines is a charming neighbourhood that offers a blend of residential comfort and convenient amenities. Nestled within a picturesque setting, it features tree-lined streets and a variety of housing options, from quaint bungalows to more modern homes. Residents enjoy easy access to local parks, schools, and shopping facilities, making it an ideal place for families and individuals alike. The community is well-connected by public transport, ensuring that the vibrant downtown area and the beautiful waterfront are just a short journey away. With its friendly atmosphere and a strong sense of local pride, 445 - Facer is a delightful place to call home.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an excellent choice for families. The closest option is Prince of Wales Public School, just 0.4 km away, offering grades JK to 8 with a school rating of 6.1. For secondary education, Laura Secord Secondary School is 1.1 km from the property, catering to grades 9 to 12 and holding a rating of 6.2. Families interested in French immersion can consider Jeanne Sauve French Immersion Public School, located 1.7 km away, which serves grades 1 to 8 and has a rating of 6.4. St. Alfred Catholic Elementary School, 0.8 km away, provides a Catholic education for grades K to 8 and boasts a higher rating of 7.8. For secondary Catholic education, Holy Cross Catholic Secondary School is 3.1 km away with a rating of 7.1. Additionally, Governor Simcoe Secondary School, 3.3 km from the property, offers French-language education for grades 9 to 12 with a rating of 6.8. Overall, the area is well-served by a mix of public and Catholic schools, providing diverse educational options for children.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 496 residents, with an average household size of 2.3 individuals. The demographic profile reveals an average age of 39.4 years, indicating a relatively mature community. The average household income stands at $87,000, with 12% of the population classified as low-income. The housing market reflects an average property price of $365,000, appealing to a range of buyers. Notably, 57.65% of the population is single, while 40% of households include children, suggesting a mix of family dynamics. The area also has a significant percentage of renters, comprising 44.44% of households, with no condominiums present. Educational attainment is noteworthy, with 36.08% of residents holding a college or university degree, although this is matched by the same percentage of individuals not participating in the labor force. Additionally, the community is diverse, with 12.5% of residents being immigrants. Overall, this demographic snapshot indicates a vibrant and varied community with a balance of singles, families, and a mix of educational backgrounds, contributing to the area's unique character and appeal.