unit while renting out the other two, or lease all three, this is a solid investment in a rapidly developing neighbourhood.Each of the three self-contained units features two spacious bedrooms, in-suite laundry, and separate entrances for added privacy. The back and lower units are currently vacant, allowing you to set market rents, while the front unit is occupied by a reliable long-term tenant of over two years. Previously fully rented, the property generated strong cash flow and an excellent cap rate. The oversized 42 x 165 ft lot opens the door to future opportunities, including additional parking, outdoor space, or a potential accessory dwelling unit (ADU). A detached garage at the rear of the property adds further value, offering potential for conversion or additional storage.This property is located in one of St. Catharines most up-and-coming areas, with convenient access to public transit, bus routes, downtown, Brock University, shopping, hospitals, and major highways. Whether youre an investor, homeowner, or developer, 63 Permilla Street is a property that delivers flexibility, income potential, and location all in one.Live it. Rent it. Build on it the choice is yours. (id:62650)