50 Welland Avenue, St. Catharines, ON
Property Highlights
Welcome to this remarkable 3-Storey multiplex located in the coveted neighborhood of 451 - Downtown. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,489,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 11 Bedrooms and 7 Bathrooms with 7 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 50 x 115 ft lot
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: Carpet Free, Other, Upgraded Insulation
- equipped with window unit(s) central cooling and highly efficient radiant heating via gas
Description
7 UNITS. FULLY RENTED. OVER $125,000 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 $125,000 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.
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Parking & Garage
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Features
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Interior Features
Carpet Free, Other, Upgraded Insulation
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 50 Welland Avenue, St. Catharines, ON L2R 2M5
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in St. Catharines, ON
For a property listed at $1,489,000 in St. Catharines, the legal minimum down payment is $297,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $26,255 for this transaction. As this listing is in St. Catharines (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $26,255.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.