For Sale: 199 Russell Avenue, St. Catharines, ON - REW
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$449,900
4 bd • 3 ba • 1100 - 1499 sf • Multifamily
199 Russell Avenue
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$449,900
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199 Russell AvenueSt. Catharines, ON, L2R 1W9

  • 4 Bed
  • 3 Bath
  • 1100 - 1499 Sqft
  • Multifamily

About this home

Legal Triplex - Turnkey Investment Opportunity! Here's your opportunity to own a legal triplex in St.Catharines' desirable Fitzgerald neighbourhood, conveniently located on Russell Avenue between Niagara Street and Geneva Street. Producing $36,000 in annual gross scheduled rental income, this fully tenanted property offers immediate cash flow and excellent long-term investment potential. The property features three self-contained units, including a main floor one-bedroom apartment, an upper-level two-bedroom unit (with the flexibility to use the second bedroom as a living room, den, or office), and a lower-level one-bedroom apartment. Each unit is separately metered for hydro and gas, while water is owner-paid. The property is serviced by three rented hot water tanks. Major improvements include the house roof (2017), garage roof (2023), professional exterior painting (2025), and completed fire separation upgrades (2026). An Electrical Safety Authority (ESA) certificate will be provided upon completion of the scheduled inspection. An extra-wide detached garage offers excellent storage, and the driveway accommodates parking for four vehicles. Located just minutes from downtown St. Catharines, Montebello Park, restaurants, cafés, shopping, schools, public transit, and highway access, this location is highly desirable for both tenants and investors. A comprehensive due diligence package, including financial statements, leases, utility information, permit history, and a pre-home inspection report, is available to assist buyers in making an informed purchasing decision. Whether you're expanding your investment portfolio or purchasing your first income property, this legal, income-producing triplex offers reliable tenants, documented improvements, and outstanding value in one of St.Catharines' most desirable central neighbourhoods. Move forward with confidence knowing the due diligence has already been done. Don't miss this opportunity! (id:63626)
Listed by: Rick Cardamone, Salesperson, ROYAL LEPAGE NRC REALTY

Home facts and features

Price details
List Price
$449,900
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Gross Taxes for 2025
$3,408
Home facts
Bedrooms
4
Full Bathrooms
3
Parking Spaces
5
Parking Details
Garage, Detached Garage
Property Type
Multifamily
Depth
132 feet
Frontage
33.0 feet
Exterior Finish
Stucco
Heating Type
Baseboard heaters, Natural gas
Basement Details
Finished, Full, Separate entrance, Walk-up, , ,
Features
Separate Electricity Meters
Agent details
Primary Agent
Rick Cardamone
Primary Broker
ROYAL LEPAGE NRC REALTY
Listing details
Days on REW
1 Day
MLS® Number
X13613366
Source
Canadian Real Estate Association
Board
Niagara Association of REALTORS®
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25 Years
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Property Insights

St Catharines Collegiate Institute and Vocational
  • Public
  • 9 - 12
ÉÉC Immaculée-Conception
  • Catholic
  • JK - 8
Harriet Tubman Public School
  • Public
  • JK - 8
St Nicholas Catholic Elementary School
  • Catholic
  • JK - 8
St Denis Catholic Elementary School
  • Catholic
  • JK - 8
Connaught Public School
  • Public
  • JK - 8
St Alfred Catholic Elementary School
  • Catholic
  • JK - 8
Prince of Wales Public School
  • Public
  • JK - 8
Laura Secord Secondary School
  • Public
  • 9 - 12
Lincoln Centennial Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Salesperson
Rick Cardamone
Office:
905-357-3000
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