32-38 WELLAND Avenue, St. Catharines, ON L2R 2M3
$2,150,000
$2,150,000
MLS®#:
X13081260
Property Type:
Investment
Property Style:
Area:
Niagara
Community:
451 - Downtown
Taxes:
$24,876 / 2025
Added:
May 04 2026
Lot Frontage:
90
Lot Depth:
73.6
Status:
Active
Outside:
Year Built:
Brokerage:
MYSAK REALTY INC.
Lot :

73

90

Lot Irregularities:
Irregular
Intersection:
Between Ontario & Lake
Rooms:
Bedrooms:
3
Bathrooms:
Fireplace:
Utilities
Water:
Municipal
Cooling:
No
Heating Type:
Radiant
Heating Fuel:

Listing Details

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.

12 Fridges, 12 Stoves, 2 Washers, 2 Dryers, 3 Hot Water Tanks

Insights

  1. Strong Investment Potential: The property boasts a cap rate of approximately 6.3%, indicating a solid return on investment for buyers.
  2. Prime Location: Situated steps from Downtown St. Catharines and Montebello Park, the property offers easy access to retail and major transportation routes, enhancing its appeal to tenants.
  3. Upside on Rental Income: With current market rates for two-bedroom units reaching up to $2,100 and one-bedroom units up to $1,800, there is significant potential for rental income growth, making this a lucrative investment opportunity.

Neighborhood Overview

Complete neighborhood profile for 32-38 WELLAND Avenue

451 - Downtown home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in 451 - Downtown
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)