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50 Welland Avenue, St. Catharines (Downtown), ON L2R2M5
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$1,595,000
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Home Details for 50 Welland Avenue
Price
$1,595,000
Type
Multi Family
Bedrooms
11
Total Bathrooms
7
Listing #
X12249446
On exitrealty.com
140 days
Property Description
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:31684)
- Heating Information
- Natural Gas
- Radiant
- Cooling Information
- Window Unit(s)
Listing Courtesy: REVEL Realty Inc., Brokerage
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$1,595,000
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