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

Property Description

This purpose-built 6-unit building offers a solid 6.2% cap rate today, with a clear path to 6.6% by September. Located on a corner along St. Andrews Street in a quiet, established pocket of Welland, with an elementary school across the street, this is the kind of steady location that attracts long-term, reliable tenants. No heavy renovations, no guesswork, no sleepless nights. This is a proven, income-producing property already generating strong returns, with upside that comes from tightening operations, not tearing the place apart, exactly what you want when stepping into your first multi-unit or adding to your portfolio. The fundamentals are right where they should be, paved parking, on-site coin laundry adding extra income, and dual entrances that keep the building secure and functional. Simple systems, predictable performance.This is how you move from thinking about investing to actually owning something that pays you every month. Buy smart, learn the ropes, build equity. Then do it again. (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: 6
• Living Area: 3,614 sq ft (335.8 m²)
• Attached: Yes
• Parking: 10.0 spaces
• Frontage: 68 ft (20.6 m)

Costs

• Annual Taxes: $5,945.00

Listing Provided by: ROYAL LEPAGE NRC REALTY
Board: Niagara Association of REALTORS®
Data provided via CREA DDF®.