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:50947)
| MLS® Number | X12249446 |
| Property Type | Multi-family |
| Community Name | 451 - Downtown |
| Parking Space Total | 5 |
| Bathroom Total | 7 |
| Bedrooms Above Ground | 11 |
| Bedrooms Total | 11 |
| Appliances | Water Heater |
| Basement Type | Full |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 3 |
| Size Interior | 3000 - 3500 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 115 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 115 Ft |
| Size Total Text | 50 X 115 Ft |
| Zoning Description | R3 |
https://www.realtor.ca/real-estate/28529681/50-welland-avenue-st-catharines-downtown-451-downtown
Contact us for more information
Phyllis De Prophetis
Broker
(905) 357-1700
(905) 357-1705
www.revelrealty.ca/
Dennis Deprophetis
Salesperson
(905) 357-1700
(905) 357-1705
www.revelrealty.ca/
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