REVEL Realty Inc., Brokerage

$1,595,000

50 WELLAND AVENUE, St. Catharines, Ontario

11 Bedrooms

7 Bathrooms

Property

MLS® Number: X12249446

Address: 50 WELLAND AVENUE

City: St. Catharines

Exterior: Brick

Utilities

Heating: Radiant Heat, Natural Gas

Parking

Parking Spaces: 5

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:52316)

Property Sale History

Travel and Neighbourhood

Walker's Paradise

Location

Ken Daly
Ken Daly

REALTOR® Salesperson

RE/MAX Niagara

Contact Ken Daly