Well-maintained 7-unit Building in Downtown St. Catharines

CAD $1,595,000 (USD $1,153,582) *current conversion
50 Welland Avenue, St. Catharines, Ontario, L2R 2M5, Canada

Property Highlights

  • Prime downtown St. Catharines location
  • Fully rented 7-unit income building
  • On-site parking available
  • On-site laundry for additional income
  • Low-maintenance exterior
  • Close to shopping and public transit

Overview

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:7434)
Show More Show Less

Property Features

50 Welland Avenue, St. Catharines, Ontario, L2R 2M5, Canada offers the following features:

Bedrooms: 11
Bathrooms: 7 Full
Living Area: 3000
Property Type: Multi-Family
Status: Active
Reference ID: X12249446

What's Nearby

Local businesses near 50 Welland Avenue, St. Catharines, Ontario, L2R 2M5, Canada:

Gym: < 1 mile
Public Transportation: < 1 mile
School: < 1 mile
Hospital: < 1 mile
Police Station: < 1 mile
Grocery/Shopping Center: < 1 mile

Map