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    For Sale - 50 Welland Avenue, St. Catharines, Ontario

    Est payment $7,150/mo
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    Views   3
    Time on Jump  93 day

    AI Summary *

    • Fully rented 7-unit building providing immediate income from day one.
    • Annual gross income of $124,000 ensures positive cash flow.
    • Desirable mix of 3 one-bedroom and 4 two-bedroom apartments.
    • Located in downtown, close to shops, restaurants, and transit.
    • On-site laundry and parking add extra income potential.




    7 units. Fully rented. $124,000 in annual gross income. Opportunities to acquire a fully occupied multi-residential asset in the heart of st. Catharines don't come along every day. This established 7-unit building offers investors immediate income from day one, with a desirable unit mix of 3 one-bedroom apartments and 4 two-bedroom apartments. With approximately $124,000 in annual gross income, positive cash flow and a strong cap rate, this is an opportunity to add scale to your portfolio without the uncertainty and carrying costs associated with vacant units or a major repositioning project. Located in downtown st. Catharines, the property places tenants close to shopping, restaurants, public transit, everyday amenities, and the ongoing investment and revitalization throughout the downtown core. The property also features on-site parking, a low-maintenance exterior and on-site laundry offering an additional income stream. Whether you're expanding an existing portfolio, moving into multi-residential investing or looking to reposition capital into an income-producing real estate asset, this property deserves a closer look. 7 units. 100% occupancy. Income in place. One property with the ability to make an immediate impact on your portfolio. Detailed financial information available for qualified buyers.
    Listing IDX13525844
    Address50 Welland Avenue
    CitySt. Catharines, Ontario
    Price$1,489,000
    Bed / Bath11 / 7 Full
    Style3-Storey, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Carpet Free, Other, Upgraded InsulationOwnership FreeholdBasement FullFoundation Poured ConcreteHeating / Cooling RadiantHeating Fuel GasSewer Sewer

    Parking 5.00
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    Listing Brokerage: REVEL Realty Inc., Brokerage

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    50 Welland Avenue
    St. Catharines , Ontario
    11 7 $1,489,000
    Get more info