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$ 1,595,000
Est. payment /mo
New
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 X12249446
Style 3-Storey
Bedrooms 11
Annual Tax Amount $6,981
Tax Year 2025
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
Province ON
County Niagara
Community 451 - Downtown
Area Niagara
Rooms
Family Room No
Basement Full
Kitchen 7
Interior
Interior Features Water Heater Owned
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
Listed by REVEL Realty Inc., Brokerage