Jag Patel
Broker
$2,150,000
Available - For Sale
Listing ID: X13081260
32-38 WELLAND Avenue , St. Catharines, L2R 2M3, Niagara
| 12-unit apartment building. Aprox 6.3% cap rate. Must see building to appreciate how large the apartments are. 8x1Bed 4x2Bed.Tenants pay hydro, helping lower overall operating costs, new boiler installed in December 2025. Roof 2016. The property is steps from Downtown St. Catharines, Montebello Park, Fourth Avenue retail, and provides quick access to the Queen Elizabeth Way. There is clear upside potential on rents, with two-bedroom units in the area achieving approximately $1,900-$2,100 and one-bedroom units $1,600-$1,800, positioning this as a stable investment with room for income growth aligned with strong rental demand. Phenomenal opportunity to acquire a well-maintained asset in a central location showing pride of ownership throughout. Tour all units Sunday May 10th 10am-Noon. Please confirm attendance. |
| Price | $2,150,000 |
| Taxes: | $24876.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 32-38 WELLAND Avenue , St. Catharines, L2R 2M3, Niagara |
| Postal Code: | L2R 2M3 |
| Province/State: | Niagara |
| Legal Description: | LOT 845, CP PLAN 2, GRANTHAM, EXCEPT PT |
| Directions/Cross Streets: | Between Ontario & Lake |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 0.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Major Highway Public Transit |
| Water Expense: | $5459 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 0 |
| Heat Type: | Radiant |
| Central Air Conditioning: | No |
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| MYSAK REALTY INC. |
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Jag Patel
Broker
Dir:
416-671-5246
Bus:
416-289-3000
Fax:
416-289-3008
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | St. Catharines |
| Neighbourhood: | 451 - Downtown |
| Tax: | $24,876 |
| Fireplace: | N |
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