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50 WELLAND AVENUE
St. Catharines (Downtown)
L2R 2M5
$1,595,000
Multi-family
beds: 11
baths: 7.0
- Status:
- Active
- Prop. Type:
- Multi-family
- MLS® Num:
- X12249446
- Bedrooms:
- 11
- Bathrooms:
- 7
- Photos (20)
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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:2493)
- Property Type:
- Multi-family
- Living Area (Min):
- 3,000 sq. ft.
- Living Area (Max):
- 3,500 sq. ft.
- Zoning:
- R3
- Taxes:
- $6,981 / 2024
- Community:
- 451 - Downtown
- Exterior Features:
- Brick
- Structure Type:
- Other
- Appliances Included:
- Water Heater
- Bedrooms:
- 11
- Bedrooms Above Grade:
- 11
- Bathrooms:
- 7.0
- Cooling:
- Window air conditioner
- Fireplace:
- No
- Foundation:
- Poured Concrete
- Heating:
- Radiant heat, Natural gas
- # Storeys:
- 3.0
- Water:
- Municipal water
- Sewer:
- Sanitary sewer
- Basement:
- Full
- Lot Frontage:
- 50'
- Lot Details:
- 50 x 115 FT
- Parking:
- No Garage
- Total Parking Spaces:
- 5
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Listed by REVEL Realty Inc., Brokerage
Data was last updated July 10, 2025 at 11:15 PM (UTC)
Area Statistics
- Listings on market:
- 32
- Avg list price:
- $599,950
- Min list price:
- $410,000
- Max list price:
- $2,788,000
- Avg days on market:
- 46
- Min days on market:
- 9
- Max days on market:
- 273
- Avg price per sq.ft.:
- $362.73
These statistics are generated based on the current listing's property type
and located in
451 - Downtown. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- PHYLLIS DE PROPHETIS
- REVEL REALTY INC BROKERAGE
- 1 (905) 380-4338
- phyllis@revelrealty.ca
- DENNIS DE PROPHETIS
- REVEL REALTY INC BROKERAGE
- 905-380-3366
- dennis@revelrealty.ca
