11 Beds 7 Bath

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

St. Catharines L2R 2M5 Ontario

MLS: X12249446

$1,595,000

Added 74 days ago | For Sale

Listed by: REVEL Realty Inc., Brokerage

About Property

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.

Features

  • House Style:Multiplex
  • Bathrooms:7
  • Land Size: 50 X 115
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Lake/Welland
  • Basement:Full , Full
  • Possession Date:Flexible
  • Annual Property taxes: $6981
  • Bedrooms:11
  • Total Parking Spaces:5
  • Parking Places:5
  • Heating Type:Radiant
  • Pool Type:None
  • Exterior:
  • Direction Facing:South
  • Front Footage:
  • Listing ID:X12249446

About Agent
Tajinder Sarao
REALTOR®
(647) 206-7222 [email protected]
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