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$2,150,000
Ontario,St. Catharines (Downtown)
For Sale Active
32-38 WELLAND AVENUE, St. Catharines (Downtown), Ontario L2R2M3
  • 3
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Basic Details
Description

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. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13081260
  • Price: $2,150,000
  • Bedrooms: 3
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 244092
Features & Appliances
Features
  • Heating System: Radiant heat
  • Cooling System: None
Address Map
  • Location: CA, Ontario, St. Catharines (Downtown), L2R2M3
  • Street: WELLAND
  • Street Number: 32-38
  • Street Suffix: Avenue
  • Longitude: W80° 44' 50.4''
  • Latitude: N43° 9' 40.2''
Additional Information
  • Water Source:
  • Business Type: Residential
  • Lot Size Dimensions: 90 x 73.6 FT ; Irregular
Financial
  • Tax Annual Amount: 24876
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Listing updated: 2026-05-05 05:10:14
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Listing Information
  • List Agent Key: 1523167
  • List Office Key: 244092
  • Modification Timestamp: 2026-05-04T22:26:18Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-05-04T22:16:02Z
Powered by REALTOR.ca
Listing updated: 2026-05-05 05:10:14
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