32-38 WELLAND AVE, St. Catharines, ON L2R 2M3
32-38 WELLAND AVE, St. Catharines, ON L2R 2M3
32-38 WELLAND AVE, St. Catharines, ON L2R 2M3
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Christine Domina

Christine Domina

Real Estate Smarts - Christine Domina

+1(416) 873-4747
$1,799,000
Est. payment /mo
6 Beds
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UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision 451 - Downtown

MLS Listing ID X13558406

Bedrooms 6

Annual Tax Amount $24,876

Tax Year 2025

Property Sub-Type Investment

Property Description

12-unit apartment building. Approx. 7.1% cap rate & 22.9% ROI with 20% down and these number take into account estimates for Maintenance, Super, Vacancy and Property Management. A Must see building to appreciate how large the apartments are. 8 x 1-bed, 4 x 2-bed. 12 Parking spots. 3 HWT's owned. 2 Coin wash & dry Owned. 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 quick access to the QEW. Enjoy the phenomenal current cashflow knowing that there is still tremendous upside on rents on turnover. Scheduled Tours of all units will take place Saturday July 18th from 10:00AM to Noon. Please confirm attendance.

Location

Province ON

County Niagara

Area Niagara

Rooms

Kitchen 0

Interior

Cooling No

Exterior

Community Features Public Transit, Recreation/Community Centre

Utilities Available Yes

Lot Frontage 90.0

Lot Depth 73.6

Others

ParcelsYN No

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Listed by MYSAK REALTY INC.

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Christine Domina

Christine Domina

+1(416) 873-4747

Realtor | License ID: 9603994

Realtor License ID: 9603994

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