$ 1,489,000
-
$1,489,000
Price -
11
Bed -
7
Bath -
3,000
SqFt
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About the Listing 344728 -
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.
Listing Highlights
Status
Active
Days on Site
9
Property Type
Multi-Family
MLS ®
X13525844
Year Built
Total Square Footage
3,000
Lot/Acreage
0.13
Interior Details
- Bedrooms: 11
- Bathrooms: 7 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full
- Other: Carpet Free,Upgraded Insulation,7 Kitchens
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Asphalt Shingle
- Others:
- Sewer: Sewer
- Parking Features: No Garage
Financial Details
- Tax Amount: $7,300
- Taxes w/Assessments: N/A
- Tax/Property ID: 462160131
- Tax Year: 2026
Payment Calculator
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Questions About..
50 Welland Ave St. Catharines, ON L2R 2M5
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