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50 WELLAND AVENUE, St. Catharines (Downtown), Ontario, L2R 2M5

MLS® # X13525844
Investment For Sale In Downtown St. Catharines, St. Catharines (Downtown), Ontario
$1,489,000
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
50 Welland Avenue, St. Catharines (Downtown), ON
  • Advertising
50 WELLAND AVENUE, St. Catharines (Downtown), Ontario, L2R 2M5
$1,489,000

Property Information:

7 UNITS. FULLY RENTED. $124,000 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 $124,000 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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Air Conditioning: Yes
  • Basement Type: Full
  • Construction Status: Insulation upgraded
  • Exterior Finish: Brick
  • Floor Space: 3000 - 3500 sqft Square Feet
  • Foundation Type: Poured Concrete
  • Heating Type: Radiant heat
  • Heating Fuel: Natural gas
  • Cooling Type: Window air conditioner

Property Features:

  • Property Type: Multi-family
  • Features: Carpet Free
  • Floor Space (approx): 3000 - 3500 Square Feet
  • Irregular: Yes
  • Lot Depth: 115 Feet
  • Lot Frontage: 50 Feet
  • Lot Size: 50 x 115 FT
  • Zoning: R3
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 5

Courtesy of: REVEL Realty Inc., Brokerage

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Sales/Price History

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Market Price Trends

Single family detached

-2.2%

Price change (1 year)

26.67%

Price change (5 years)

All Properties

-2.36%

Price change (1 year)

27.02%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 50 WELLAND AVENUE, St. Catharines (Downtown), Ontario, L2R 2M5

Demographic Information of 50 WELLAND AVENUE, St. Catharines (Downtown), Ontario, L2R 2M5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$89,464.20

Average Number of Children

1.46

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.54 %

High school certificate or equivalent

32.18 %

Apprenticeship trade certificate/diploma

6.05 %

College/non-university certificate

21.05 %

University certificate (below bachelor)

1.18 %

University Degree

26.01 %

Commuter

Travel To Work

By Car

76.77 %

By Public Transit

9.57 %

By Walking

8.55 %

By Bicycle

0.78 %

By Other Methods

4.33 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

53.79 %

Houses

46.21 %

Own Vs. Rent

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