50 Welland Avenue, St. Catharines, ON Image 1

$1,595,000

Multiplex For Sale
MLS - #X12249446
Jun 27- By REVEL Realty Inc., Brokerage

50 Welland Avenue, St. Catharines, ON L2R 2M5

11 Bed
7 Bath
3000-3500 Sqft.
None Garage

Property Description

Property type

Multiplex

Lot size

N/A

Style

3-Storey

Approx. Area

3000-3500 Sqft

About 50 Welland Avenue

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.

Home Overview

Last updated

Jun 27

Virtual tour

None

Basement information

Full

Building size

--

Status

In-Active

Property sub type

Multiplex

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:Full
Cooling:Window Unit(s)
Heating:Radiant
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
159500000.0%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Location

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Walk Score for 50 Welland Avenue

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

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