ON > St. Catharines (downtown) > 451 - Downtown
St. Catharines (downtown), ON L2R2M5,50 WELLAND AVENUE
St. Catharines (downtown), ON L2R2M5,50 WELLAND AVENUE
St. Catharines (downtown), ON L2R2M5,50 WELLAND AVENUE
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$1,595,000
Est. payment /mo
11 Beds
7 Baths
3,000 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $531

Subdivision 451 - Downtown

MLS® Listing ID X12249446

Bedrooms 11

Source Niagara Association of REALTORS®

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:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Radiant heat

Cooling Window air conditioner

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Story 3

Sewer Sanitary sewer

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Listed by REVEL Realty Inc., Brokerage

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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