32-36 Welland Avenue St. Catharines, Ontario L2R 2M3
$1,799,000
12-unit apartment building. Approx. 7.1% cap rate. Must see the building to appreciate how large the apartments are. 8 x 1-bed, 4 x 2-bed. 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. (id:62616)
Property Details
| MLS® Number | X13558406 |
| Property Type | Multi-family |
| Community Name | 451 - Downtown |
Building
| Bedrooms Total | 6 |
| Appliances | Dryer, Water Heater, Two Washers |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 8,830 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 73 Ft ,7 In |
| Size Frontage | 90 Ft |
| Size Irregular | 90 X 73.6 Ft |
| Size Total Text | 90 X 73.6 Ft |
| Zoning Description | Rb |
https://www.realtor.ca/real-estate/30027386/32-36-welland-avenue-st-catharines-downtown-451-downtown
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July 13 2026 09:10:01
Toronto Regional Real Estate Board
Mysak Realty Inc.