50 Welland Avenue St. Catharines, Ontario L2R 2M5
$1,595,000
Looking to grow your portfolio with a reliable income property? This well-maintained 7-unit building is ideally situated in the heart of downtown St. Catharines, steps to shopping, dining, public transit, and the city's ongoing revitalization. The property features 3 one-bedroom units and 4 two-bedroom units, all fully rented, generating a gross annual income of approx $115,000 with positive cash flow and a strong cap rate. Benefit from the on-site parking, a low-maintenance exterior, and the added convenience of on-site laundry for extra income. This is a smart, turnkey opportunity in a high-demand rental area, perfect for any investor looking for stability and growth. Financials available. (id:56248)
Property Details
| MLS® Number | X12249446 |
| Property Type | Multi-family |
| Community Name | 451 - Downtown |
| Parking Space Total | 5 |
Building
| Bathroom Total | 7 |
| Bedrooms Above Ground | 11 |
| Bedrooms Total | 11 |
| Appliances | Water Heater |
| Basement Type | Full |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 3 |
| Size Interior | 3,000 - 3,500 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 115 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 115 Ft |
| Size Total Text | 50 X 115 Ft |
| Zoning Description | R3 |
https://www.realtor.ca/real-estate/28529681/50-welland-avenue-st-catharines-downtown-451-downtown
Interested?
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June 28 2025 03:26:19
Niagara Association of REALTORS®
Revel Realty Inc., Brokerage