50 Welland Avenue, St. Catharines, ON L2R 2M5
St. Catharines, ON, L2R 2M5 · 451 - Downtown
About this property
7 UNITS. FULLY RENTED. OVER $125,000 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 $125,000 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.
Features & Amenities
- Basement: Full
- Garage: None
- Cooling: Window Unit(s)
- Heat Type: Radiant
- Heat Source: Gas
- Style: 3-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 3-Storey |
| Bedrooms | 11 |
| Bathrooms | 7 |
| Basement | Full |
| Garage | None |
| Parking Spaces | 5 |
| Heat Type | Radiant |
| Heat Source | Gas |
| Cooling | Window Unit(s) |
| Sewer | Sewer |
| Annual Tax | $7,300 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- Carpet Free, Other, Upgraded Insulation
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 3-Storey
- Construction Materials
- Brick
- Foundation Details
- Poured Concrete
- Roof
- Asphalt Shingle
- Basement
- Full
Heating & Cooling
- Heat Type
- Radiant
- Heat Source
- Gas
- Cooling
- Window Unit(s)
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 5
- Parking Total
- 5.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 115.00
- Lot Width
- 50.00
Financial & Tax
- Tax Annual Amount
- $7,300
- Tax Year
- 2026
- Possession Type
- Flexible
- Possession Details
- FLEXIBLE
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 25
- Kitchens Above Grade
- 7
- Kitchens Total
- 7
- Bedrooms Above Grade
- 11
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Niagara
- Cross Street
- Lake/Welland
- Directions
- LAKE TO WELLAND
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System
Location
50 Welland Avenue, St. Catharines, ON L2R 2M5, St. Catharines, ON, L2R 2M5