$ 1,799,000
-
$1,799,000
Price -
6
Bed -
0
Bath -
0
SqFt
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About the Listing 160000 -
12-unit apartment building. Approx. 7.1% cap rate & 22.9% ROI with 20% down and these number take into account estimates for Maintenance, Super, Vacancy and Property Management. A Must see building to appreciate how large the apartments are. 8 x 1-bed, 4 x 2-bed. 12 Parking spots. 3 HWT's owned. 2 Coin wash & dry Owned. Tenants pay hydro, helping lower overall operating costs. New boiler installed in December 2025. Roof 2016. The property is steps from Downtown St. Catharines, Montebello Park, Fourth Avenue retail, and quick access to the QEW. Enjoy the phenomenal current cashflow knowing that there is still tremendous upside on rents on turnover. Scheduled Tours of all units will take place Saturday July 18th from 10:00AM to Noon. Please confirm attendance.
Listing Highlights
Status
Active
Days on Site
2
Property Type
Commercial Sale
MLS ®
X13558406
Year Built
Total Square Footage
0
Lot/Acreage
0.15
Interior Details
- Bedrooms: 6
- Bathrooms: 0 Full
- Appliances:
- Air Cond: No
- Heating: Gas Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: No Garage
Financial Details
- Tax Amount: $24,876
- Taxes w/Assessments: N/A
- Tax/Property ID: 462160374
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
32-38 Welland Ave St. Catharines, ON L2R 2M3
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