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$ 1,489,000
Est. payment /mo
Price Dropped by $31K
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 X12662354
Style 3-Storey
Bedrooms 11
Annual Tax Amount $7,300
Tax Year 2026
Property Sub-Type Multiplex
Property Description
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.
Location
State 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