20
See all 20 photos
$1,595,000
Est. payment /mo
11 Beds
7 Baths
3,000 SqFt
Active
50 WELLAND AVENUE St. Catharines (downtown), ON L2R2M5
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $531
Subdivision 451 - Downtown
MLS® Listing ID X12249446
Bedrooms 11
Source Niagara Association of REALTORS®
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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat
Cooling Window air conditioner
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Listed by REVEL Realty Inc., Brokerage