50 WELLAND AVENUE, St. Catharines (Downtown), Ontario, L2R2M5
MLS: X12662354 | Other
$1,520,000
Property Description
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. (id:64974)
Quick Facts
- Property Type: Other
- Bedrooms: 11 (11 above)
- Bathrooms: 7
- Parking: 5 spaces (No Garage)
- Frontage: 50 ft (15.2 m)
Costs
- Annual Taxes: $6,981.00
Listing Provided by: REVEL Realty Inc., Brokerage
Board: Niagara Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Radiant heat, Natural gas
- Cooling: Window air conditioner
- Basement: Full
Exterior & Construction
- Exterior: Brick
- Foundation: Poured Concrete
- Sewer: Sanitary sewer
- Water: Municipal water
Lot & Land
- Frontage: 50 ft (15.2 m)
- Features: Carpet Free
- Zoning: R3
Community & Neighbourhood
- Neighbourhood: 451 - Downtown
Listing Information
Listing History
Buy/Sell/Terminated/Expired listing history for 50 WELLAND AVENUE, St. Catharines (Downtown), Ontario, L2R2M5
Location & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
Nearby Homes (Within 2km)
Similar Homes
Similar Properties
No rental comparables found in this area.
Sold Comparables
Access to sold property data requires a registered and verified account with TRREB DDF integration.
Coming SoonRented Comparables
Access to rented property data requires a registered and verified account with TRREB DDF integration.
Coming Soon