$1,520,000

Multiplex

50 Welland Avenue, St. Catharines, ON

81 DAYS
11
7
0
3000-3500
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Listed by REVEL Realty Inc., Brokerage

Property Highlights

Status

Sold Cond.

Parking

5 spaces

Property Tax

$6,981/yr

Lot Size

5,750 sqft

Style

3-Storey

Basement

Full

Monthly Cost

$7,000/mo

About This Home

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.

Monthly Cost

Monthly Mortgage$6,418
Property Tax ($6,981/yr)$582
Total$7,000

Price & Listing History

Schools

Location

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Listing Presented By

iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage