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Additional details
$ 1,489,000
Est. payment /mo
Active
50 Welland AVE St. Catharines, ON L2R 2M5
11 Beds
7 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision 451 - Downtown
MLS Listing ID X13525844
Style 3-Storey
Bedrooms 11
Annual Tax Amount $7,300
Tax Year 2026
Property Sub-Type Multiplex
Property Description
7 UNITS. FULLY RENTED. OVER $125,000 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 $125,000 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.
Location
Province ON
County Niagara
Area Niagara
Rooms
Family Room No
Basement Full
Kitchen 7
Interior
Interior Features Carpet Free, Other, Upgraded Insulation
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 50.0
Lot Depth 115.0
Total Parking Spaces 5
Building
Foundation Poured Concrete
Others
ParcelsYN No
Listed by REVEL Realty Inc., Brokerage