Get $1,125 Cash Back
199 RUSSELL AVENUE, St. Catharines (Downtown) — listed at $449,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 4.06 x 3.13 meters |
| Living room | Main level | 2.9 x 4.09 meters |
| Bedroom | Main level | 3.47 x 3.28 meters |
| Kitchen | Second level | 2.46 x 5.19 meters |
| Bedroom | Second level | 3.17 x 2.72 meters |
| Bedroom | Second level | 4.08 x 2.62 meters |
| Living room | Basement | 2.55 x 2.77 meters |
| Kitchen | Basement | 2.89 x 4.37 meters |
| Bedroom | Basement | 2.13 x 2.75 meters |
What's the parking situation?+
This property includes 5 spaces — Detached Garage, Garage.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Is this a good starter home?+
At $449,900, this is priced in starter-home territory for St. Catharines (Downtown). With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
Does it have a basement, and is it finished?+
Yes — Finished, Full, Separate entrance, Walk-up, N/A, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Could this work as an investment property?+
The basement description mentions: Finished, Full, Separate entrance, Walk-up, N/A, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in St. Catharines (Downtown) before counting on it.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,408, heating is baseboard heaters, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Ask About This Property
Nearby Places
Searching nearby places…
Similar listings
For Sale3 days29
For Sale135 days18
For Sale107 days25
For Sale107 days35The listing data above is provided under copyright by the Canadian Real Estate Association. While the information is considered reliable, its accuracy is not guaranteed by the Canadian Real Estate Association or getsetsold.ca. Neither getsetsold.ca nor its affiliates make any representations or warranties, express or implied, regarding the accuracy or completeness of the information presented here.















