Homes for Sale in Niagara Region—

Residential Income For Sale

3,200 Sqft - 396 Oxford Avenue, Crystal Beach, Ontario L0S 1B0

QR Code
Property Description

Location, location, location! Amazing opportunity for a triplex on a double lot with a 2 car garage! This investment really is ideal. Large units in a solid building, moments from the beach, restaurants and shopping. Main floor features a large 3 bedroom apartment that is currently vacant. Both upper apartments are spacious and feature 3rd floor walkups and 2 bedrooms each. Each with their own hydro meter. Lower unit also has gas with a gas forced air furnace. This triplex has been maintained well, and is solid with a newer roof. With some updating this property could be really awesome and very easy to rent. Large detached 2 car garage provides additional rental opportunity or added benefit for owner and/or tenant. This would make a great opportunity to owner occupy the main floor and have 2 tenants assist with paying the mortgage! Even to use the main floor as a summer getaway and have the rent subsidize it? A perfect way to start your real estate portfolio! Lower unit is currently vacant and has been owner occupied in the past. Expenses show account for the hydro and gas bills for this unit which in theory, could be the responsibility of the next tenant, reducing expenses even further. Upper rear rent has the hydro included, although it does have a separate meter. Current cap rate projected to be 6.3% once main floor is occupied. The rental market remains strong, and Crystal Beach is an area experiencing a rejuvenation, so this may be an opportunity you’ve been waiting for?

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 40381781
Price : $629,900
Bedrooms : 7
Square Footage : 3,200 Sqft
Year Built : 1921
Square Footage : 3,200 Sqft
Status : Active
Property SubType : Multi-3 Unit
Heating System : Electric, Baseboard, Forced Air, Natural Gas
Cooling System : Window Unit(s)
Basement : Crawl Space, Unfinished
Patio : Porch
Electric Expense : $3,240
Exterior Features : Year Round Living
Garage Spaces : 2
Interior Features : In-law Capability, Separate Heating Controls, Separate Hydro Meters, Water Meter
Laundry Features : Main Level
Lot Features : Ample Parking, Rectangular, Schools, Trails, Urban, Dog Park, Park, Place Of Worship, Playground Nearby, Public Transit, School Bus Route, Shopping Nearby, Library, Arts Centre, Beach
Parking Features : Detached Garage, Asphalt
Roof : Asphalt Shing
Security Features : Smoke Detector(s), Carbon Monoxide Detector(s)
Sewer : Sewer (municipal)
Utilities : Cell Service, Electricity Connected, Natural Gas Connected, Recycling Pickup, Street Lights, Cable Available, High Speed Internet Avail, Phone Available
Province : Ontario
Region : Niagara
City : Crystal Beach
Neighbourhood : Fort Erie
Postal Code : L0S 1B0
Street : 396 Oxford Avenue
Floor Number : 0
Direction Faces : West
Directions : Ridgeway Road to Erie Road to Oxford Avenue
Additional MLS Details
Agent Name : Phillip Smith
Architectural Style : 1 Storey/apt
Construction Materials : Vinyl Siding, Wood Siding, Aluminum Siding, Hardboard, Metal/steel Siding
Elementary School : John Brant, St. Goerge
Foundation Details : Concrete Block
Frontage Type : East
High School : Gfess, Lakeshore
Inclusions : Other, 1 Washer, Hot Water Tank Owned, 3 Fridges, 3 Stoves, 1 Dryer.
Agent MlsId : NINR1599
Office MlsId : NI448
New Construction : 1
Number Of Units : 3
Road Frontage Type : Municipal Road
Senior Community : 1
Stories Total : 2
Water Source : Municipal
Zoning : R2B
MLSAreaMinor : 334 - Crystal Beach / Ridgeway
Residential Income For Sale
  • Listing ID : 40381781
  • Bedrooms : 7
  • Square Footage : 3,200 Sqft
Contact Agent
Contact Agent


Royal LePage NRC Realty Compass Estates
33 Maywood Avenue
St. Catharines, ON
L2R 1C5

Administrative Office

1 Keefer Road
St. Catharines, ON
L2M 7N9

© 2023 Compass Estates