50 Welland Av 7 Unit Apartment Building $1,078,618 USD ($154,088 USD/Unit) 6.64% Cap Rate St Catharines, ON L2R 2M5

STABILIZED 7-UNIT MULTIFAMILY INVESTMENT | 6.64% CAP RATE | 100% OCCUPIED
An opportunity to acquire a fully occupied 7-unit multifamily investment property in downtown St. Catharines, Ontario.
Offered at $1,489,000, 50 Welland Avenue features an attractive unit mix of three 1-bedroom and four 2-bedroom apartments, providing diversified rental income across seven residential units.
The property generates $120,384 in annual base rental income plus approximately $3,480 in additional laundry and seasonal A/C income, for total annual gross income of approximately $123,864. With approximately $24,934 in operating expenses, the property produces a stated Net Operating Income of approximately $98,930, representing an approximate 6.64% cap rate at the current asking price.
The property is fully occupied, allowing an investor to acquire an established income-producing asset without the initial carrying costs associated with vacant units. On-site laundry provides an additional revenue stream, while five on-site parking spaces add convenience for tenants.
Situated in downtown St. Catharines, the property offers convenient access to shopping, restaurants, public transit and everyday amenities, as well as the continued investment and revitalization occurring throughout the downtown core.
With seven units, full occupancy, established income, and a strong going-in cap rate, 50 Welland Avenue offers an opportunity for investors looking to expand an existing multifamily portfolio or enter the Niagara multi-residential market.
Detailed rent roll and financial information available to qualified buyers.