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Additional details
$ 1,349,000
Est. payment /mo
Active
23 Saint Andrews AVE Welland, ON L3B 1E2
6 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X12958032
Annual Tax Amount $5,945
Tax Year 2025
Property Sub-Type Investment
Property Description
This purpose-built 6-unit building offers a solid 6.2% cap rate today, with a clear path to 6.6% by September. Located on a corner along St. Andrews Street in a quiet, established pocket of Welland, with an elementary school across the street, this is the kind of steady location that attracts long-term, reliable tenants. No heavy renovations, no guesswork, no sleepless nights. This is a proven, income-producing property already generating strong returns, with upside that comes from tightening operations, not tearing the place apart, exactly what you want when stepping into your first multi-unit or adding to your portfolio. The fundamentals are right where they should be, paved parking, on-site coin laundry adding extra income, and dual entrances that keep the building secure and functional. Simple systems, predictable performance.This is how you move from thinking about investing to actually owning something that pays you every month. Buy smart, learn the ropes, build equity. Then do it again.
Location
Province ON
County Niagara
Area Niagara
Interior
Cooling No
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 67.5
Lot Depth 114.1
Others
ParcelsYN No
Listed by ROYAL LEPAGE NRC REALTY