50 Welland Avenue,St. Catharines, ON L2R 2M5
St. Catharines, ON L2R 2M5
Description
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
| MLS # | X13525844 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 66 |
| Listing Provided By | REVEL Realty Inc., Brokerage | X13525844 344728 |
Features
| Bed(s) | 11 |
|---|---|
| Bath(s) | 7 |
| Basement | Y |
| Story(s) | 3 |
| Acreage | 0.13 |
Interior
| Interior Features | Carpet Free, Other, Upgraded Insulation |
|---|---|
| Cooling | Window Unit(s) |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Poured Concrete |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 7300 |
|---|---|
| Tax Legal Description | LT 641 CP PL 2 GRANTHAM S/T & T/W RO794201; ST. CATHARINES |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Niagara |
| City | St. Catharines |
| Postal Code | L2R 2M5 |
| Area | 451 Downtown |
| Listing VS Median (in L2R 2M5) | |
Price: $1,489,000 low | high Med: $0 On site: 66 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Niagara |
| City | St. Catharines |
| Postal Code | L2R 2M5 |
| Area | 451 Downtown |
| Listing VS Median (in L2R 2M5) | |
Price: $1,489,000 low | high Med: $0 On site: 66 low | high Med: | |
