23 SAINT ANDREWS AVENUE, Welland (Lincoln/Crowland), Ontario, L3B1E2

Property Description

5.7 CAP with current ops & room to grow! Rock-solid, purpose-built 6-unit powerhouse on a prime corner lot along St Andrews Street in a serene residential pocket of Welland, with elementary school across the street - foot traffic without the chaos, attract quality tenants that will stick around for the stability and quality. This isn't some fixer-upper gamble; it's a battle-tested performer churning out excellent gross income right now, with tonnes of untapped equity with operations tweaks and NOI boosts that could flip the script on your returns, priming it for that classic BRRRR play - buy smart, refine sharp, refinance fat, and repeat the win. Quality screams from every angle: paved parking that keeps headaches at bay, on-site coin laundry pulling in steady side cash, and dual entrances that lock in safety without skimping on access. For the investor eyeing that next leap into bigger multifamily waters, this is your unflashy powerhouse - delivering immediate cash flow with the muscle to scale. (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: 6
• Living Area: 3,614 sq ft (335.8 m²)
• Attached: Yes
• Parking: 10 spaces
• Frontage: 68 ft (20.6 m)

Costs

• Annual Taxes: $5,945.00

Listing Provided by: ROCK STAR REAL ESTATE INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.