32-38 Welland Avenue St. Catharines, Ontario L2R 2M3
$2,150,000
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:50787)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X13081260 |
| Property Type | Multi-family |
| Community Name | 451 - Downtown |
| Amenities Near By | Highway, Public Transit |
| Parking Space Total | 12 |
Building
| Bedrooms Total | 3 |
| Appliances | Dryer, Water Heater, Two Washers |
| Cooling Type | None |
| Heating Type | Radiant Heat |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 73 Ft ,7 In |
| Size Frontage | 90 Ft |
| Size Irregular | 90 X 73.6 Ft ; Irregular |
| Size Total Text | 90 X 73.6 Ft ; Irregular |
| Zoning Description | Rb |
https://www.realtor.ca/real-estate/29698501/32-38-welland-avenue-st-catharines-downtown-451-downtown
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 04 2026 10:16:02
Toronto Regional Real Estate Board
Mysak Realty Inc.