43 Cosby Avenue, St Catharines
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. (id:1945)
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Property details for 43 Cosby Avenue, St Catharines
- Type
- Multi-family
- Bedrooms
- 6
- Bathrooms
- 3
- Lot Size
- 40 x 90 FT
- Stories
- 1.5
- Basement
- Finished, Full
- Parking
- Detached Garage, Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Exterior
- Vinyl siding
- Annual Taxes
- $3,179
Nearby Listings Stat
Estimated price and comparable properties near 43 Cosby Avenue
Active Listings
5
Min Price
$428,888
Max Price
$1,290,000
Avg Price
$765,358
Days on Market
34
days
Sold Listings
1
Min Sold Price
$799,900
Max Sold Price
$799,900
Avg Sold Price
$799,900
Days until Sold
154
days
Neighbourhood Census Data
St. Catharines, Ontario
Population
522
Median Age
34.8
Median Income
$27,584
Dwelling Value
$160,231
Housing Tenure
Owners 58%
Renters 42%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.2
Pop. Density: 5,952.1/km²
Avg Shelter Cost: $951/mo
Owners with Mortgage: 70.4%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 63.2%
English only: 94.2%
English and French: 5.8%
Median Household Income: $47,701
Median Employment Income: $27,712
Price History
Listed
October 2, 2026
by REVEL Realty Inc., Brokerage
Current Price
$639,000
-6% from last change
Type
Multi-family
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $639,000 | $40,900 (-6%) |
| Oct 3, 2026 | $679,900 | Listed |
