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:60365)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X13081260 |
| Property Type | Multi-family |
| Community Name | 451 - Downtown |
| AmenitiesNearBy | Highway, Public Transit |
| ParkingSpaceTotal | 12 |
Building
| BedroomsTotal | 3 |
| Appliances | Dryer, Water Heater, Two Washers |
| CoolingType | None |
| HeatingType | Radiant Heat |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway, Public Transit |
| SizeDepth | 73 Ft ,7 In |
| SizeFrontage | 90 Ft |
| SizeIrregular | 90 X 73.6 Ft ; Irregular |
| SizeTotalText | 90 X 73.6 Ft ; Irregular |
| ZoningDescription | Rb |
https://www.realtor.ca/real-estate/29698501/32-38-welland-avenue-st-catharines-downtown-451-downtown
Joe Mysak
Broker of Record
2358-A Bloor Street West
Toronto, Ontario M6S 1P3
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May 11 2026 07:29:12
Toronto Real Estate Board
Mysak Realty Inc.
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