$639,000
43 COSBY Ave
St. Catharines, ON L2M 5R7
43 COSBY Ave, St. Catharines — Listed at $639,000. 6 bedroom, 3 bathroom 1 1/2 Storey Multiplex. MLS® X13857566.
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Description
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
Property Insights
Listing Courtesy of: REVEL Realty Inc., Brokerage
MLS® #X13857566


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HouseIndex Take: 43 COSBY Avenue
This multiplex (1 1/2 Storey) is located in the 445 - Facer neighbourhood of St. Catharines.
The home offers 6 bedrooms, 3 bathrooms.
Features include a finished, full basement, 6 parking spaces including a 2-car garage.
Additional details: lot dimensions of 40 × 90 feet.
Listed at $639,000 CAD with annual property taxes of $3,179 (2025).
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