For Sale: 50 Welland Avenue, St. Catharines, ON - REW
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$1,489,000
11 bd • 7 ba • 3000 - 3499 sf • Multifamily
50 Welland Avenue
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$1,489,000
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50 Welland AvenueSt. Catharines, ON, L2R 2M5

  • 11 Bed
  • 7 Bath
  • 3000 - 3499 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: Phyllis De Prophetis, Broker, REVEL Realty Inc., Brokerage

Home facts and features

Price details
List Price
$1,489,000
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Gross Taxes for 2026
$7,300
Home facts
Bedrooms
11
Full Bathrooms
7
Parking Spaces
5
Parking Details
No Garage
Property Type
Multifamily
Depth
115 feet
Frontage
50.0 feet
Exterior Finish
Brick
Heating Type
Radiant heat, Natural gas
Cooling
Window air conditioner
Basement Details
Full
Features
Carpet Free
Agent details
Primary Agent
Primary Broker
REVEL Realty Inc., Brokerage
Secondary Agent
Secondary Broker
REVEL Realty Inc., Brokerage
Listing details
Days on REW
19 Days
Property Views
42
MLS® Number
X13525844
Source
Canadian Real Estate Association
Board
Niagara Association of REALTORS®
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25 Years
Interest Rate
3.99%

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Property Insights

St Catharines Collegiate Institute and Vocational
  • Public
  • 9 - 12
St Nicholas Catholic Elementary School
  • Catholic
  • JK - 8
Harriet Tubman Public School
  • Public
  • JK - 8
ÉÉC Immaculée-Conception
  • Catholic
  • JK - 8
St Denis Catholic Elementary School
  • Catholic
  • JK - 8
Edith Cavell Public School
  • Public
  • JK - 8
Connaught Public School
  • Public
  • JK - 8
Grapeview Public School
  • Public
  • JK - 8
Mother Teresa Catholic Elementary School
  • Catholic
  • JK - 8
St Anthony Catholic Elementary School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker
Phyllis De Prophetis
Phone:
(905) 357-1700
Cell:
905-380-4338
Office:
905-357-1700
Salesperson
Dennis Deprophetis
Phone:
(905) 380-3366
Cell:
905-380-3366
Office:
905-357-1700
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