$1,489,000
50 Welland Avenue, St. Catharines, ON L2R 2M5
451 - Downtown · St. Catharines · L2R 2M5
Listing brokerage: REVEL Realty Inc., Brokerage
- Beds
- 11
- Baths
- 7
- Sq ft
- 3000-3500
- Parking
- 5
About this home
7 UNITS. FULLY RENTED. $124,000 IN ANNUAL GROSS INCOME. Opportunities to acquire a fully occupied multi-residential asset in the heart of St. Catharines don't come along every day. This established 7-unit building offers investors immediate income from day one, with a desirable unit mix of 3 one-bedroom apartments and 4 two-bedroom apartments. With approximately $124,000 in annual gross income, positive cash flow and a strong cap rate, this is an opportunity to add scale to your portfolio without the uncertainty and carrying costs associated with vacant units or a major repositioning project. Located in downtown St. Catharines, the property places tenants close to shopping, restaurants, public transit, everyday amenities, and the ongoing investment and revitalization throughout the downtown core. The property also features on-site parking, a low-maintenance exterior and on-site laundry offering an additional income stream. Whether you're expanding an existing portfolio, moving into multi-residential investing or looking to reposition capital into an income-producing real estate asset, this property deserves a closer look. 7 units. 100% occupancy. Income in place. One property with the ability to make an immediate impact on your portfolio.Detailed financial information available for qualified buyers.
Details
Interior
- Bedrooms
- 11
- Bathrooms
- 7
- Washrooms
- 2 × 3-piece (Main), 4 × 3-piece (Upper), 1 × 3-piece (Basement)
- Kitchens
- 7
- Rooms
- 25
- Size
- 3000-3500 sq ft
- Basement
- Full
- Features
- Carpet Free, Other, Upgraded Insulation
Heating & Cooling
- Heating
- Radiant
- Heat source
- Gas
- Cooling
- Window Unit(s)
Parking
- Garage
- None
- Total spaces
- 5
- Covered spaces
- 0
Exterior & Lot
- Style
- 3-Storey
- Exterior
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Lot size
- 50 × 115 feet
- Faces
- South
- Pool
- None
Utilities
- Sewer
- Sewer
Taxes & Fees
- Property taxes
- $7,300 (2026)
- HST
- Included In
Listing
- MLS® number
- X13525844
- Type
- Multiplex
- Transaction
- For Sale
- Neighbourhood
- 451 - Downtown
- Cross streets
- Lake/Welland
- Possession
- FLEXIBLE
- Co-listing brokerage
- REVEL Realty Inc., Brokerage
History
Past listings and sales for this home and building.
Location
50 Welland Avenue, St. Catharines, ON L2R 2M5 · Near Lake/Welland
Monthly cost
Estimated monthly cost
$7,201/mo
- Mortgage
- $6,593
- Property tax
- $608
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
The listing information is deemed reliable but is not guaranteed accurate by PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.