Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

121 Oakdale Avenue, St. Catharines, ON L2P 2L3 (Smythe Street)
$ 849900 - MLS : X12950496

From Our Gallery

Description

Investment opportunity with strong income and minimal upkeep. This income-generating multi-plex features self-contained units each separately metered for hydro, with in-suite laundry and dedicated parking. Major capital improvements have been completed, including a new A/C (2022), and water heater (2025). Two of the units were created in 2020, offering modern finishes and reduced maintenance. Ground floor units also feature private outdoor spaces. A paved 8-car parking area provides ample space for residents. Currently generating nearly $50,000 in net annual income, this is a solid addition to any investment portfolio. Ideally located with quick access to Highway 406, downtown amenities, the Pen Centre, and public transit within walking distance. The property backs onto a treed area and the Merit Trail, adding privacy and lifestyle appeal for tenants. Zoned R2 non-conforming multi-unit. Previously configured as a doctor's office with residential units, the building has since been converted to its current multi-plex layout.

Location Description

Smythe Street

Property Detail

Community: 456 - Oakdale
Property Type: Tenant/Commercial
Garages: None
Annual Property Taxes : $ 8302

Lot dimensions: sqft
Baths:

Facts and Features

Parking Type : None

Amenities

Heating : Gas Forced Air Open

Listing Contracted With: BOSLEY REAL ESTATE LTD.,

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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