$1,595,000
50 Welland Avenue, St. Catharines, ON L2R 2M5
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
Price Comparison
Location

Angela Yang
Sales Representative, ANCHOR NEW HOMES INC.
MORTGAGE INFO
ESTIMATED PAYMENT
Some information about this property - Welland Avenue

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