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Ontario
St. Catharines (Downtown)
50 WELLAND AVENUE

$1,595,000

St. Catharines (Downtown) ON, L2R 2M5

MLS® # X12249446

Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Other
Air Conditioning: Yes
Basement Type: Full
Exterior Finish: Brick
Floor Space: 3000 - 3500 sqft
Foundation Type: Poured Concrete
Heating Type: Radiant heat
Heating Fuel: Natural gas
Cooling Type: Window air conditioner
Appliances:

Property Features:

Property Type: Multi-family
Bedrooms: 11
Bathrooms: 7
Floor Space (approx): 3000 - 3500 Square Feet
Irregular: Yes
Lot Depth: 115.0 Feet
Lot Frontage: 50.0 Feet
Lot Size: 50 x 115 FT
Zoning: R3
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 5

Courtesy of: REVEL Realty Inc., Brokerage

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⚠ Potential Investment Performance

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Market Price Trends

Location of 50 WELLAND AVENUE, St. Catharines (Downtown), Ontario, L2R 2M5

Lifestyle
Neighbourhood

Demographic Information of 50 WELLAND AVENUE, St. Catharines (Downtown), Ontario, L2R 2M5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$89,464.20

Average Number of Children

1.46

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.54 %

High school certificate or equivalent

32.18 %

Apprenticeship trade certificate/diploma

6.05 %

College/non-university certificate

21.05 %

University certificate (below bachelor)

1.18 %

University Degree

26.01 %

Commuter

Travel To Work

By Car

76.77 %

By Public Transit

9.57 %

By Walking

8.55 %

By Bicycle

0.78 %

By Other Methods

4.33 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

53.79 %

Houses

46.21 %

Own Vs. Rent