43 COSBY Avenue
St. Catharines, ON
- 6 bed
- 3 bath
- approx. 1100-1500 sqft
- Multiplex
- 56 days on market
Turnkey Income Property with 7.0% Cap Rate & Future Upside! Looking for a strong cash-flow investment with immediate income and long-term upside? This fully occupied three-unit income property generates almost $60,000 in annual gross rental income with an impressive 7.0% cap rate at the current asking price. The property has been extensively updated, making it a low-maintenance addition to any investment portfolio. Each 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.
Listing Details
- Taxes (2025)
- $3,180
- Listed
- July 17, 2026
Price History
Listing history
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Property
- Style
- 1 1/2 Storey
- Age
- 51-99
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Block
- Interior
- Other
- Lot Size
- 40 x 90 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 2
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Dieppe Rd & Welland Ave to Cosby
- Zoning
- R2
- Parcel Number
- 462790051
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 3 fridges, 3 stoves
- Rental Items
- Hot water tank
Schools
Elementary
- Prince of Wales Public School0.4 km
Public · DSB Niagara · 285 students
Grade 3 reading: 91% met the provincial standard · Grade 6 math: 77% met the provincial standard
- St Alfred Catholic Elementary School0.8 km
Catholic · Niagara CDSB · 405 students
Grade 3 reading: 93% met the provincial standard · Grade 6 math: 43% met the provincial standard
- Connaught Public School1.2 km
Public · DSB Niagara · 405 students
Grade 3 reading: 90% met the provincial standard · Grade 6 math: 86% met the provincial standard
Secondary
- Laura Secord Secondary School1.1 km
Public · DSB Niagara · 635 students
Grade 10 literacy: 85% met the provincial standard
- St Catharines Collegiate Institute and Vocational School1.9 km
Public · DSB Niagara · 700 students
Grade 10 literacy: 85% met the provincial standard
- Eden High School3 km
Public · DSB Niagara · 1080 students
Grade 10 literacy: 91% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L2M
- Population
- 33,704
- Private dwellings
- 14,869
- Median age
- 46
- Average household size
- 2.3
- Median household income
- $72,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in St. Catharines · last 12 months
- Median sold price
- $540,000
- Homes sold
- 1,608
- Median days on market
- 26
- Sale-to-list price
- 96.6%
Based on 1,608 recorded sales of residential freehold properties in St. Catharines over the last 12 months.
Listed by
REVEL Realty Inc., Brokerage
Walk Score
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Location
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Mortgage Calculator
$135,980
Estimated Monthly Payment
$3,340
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,340/mo (20% down, 5.5%)
Taxes: $265/mo · Insurance: $170/mo
Estimates only. Consult a financial advisor.
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