50 WELLAND AVENUE, St. Catharines (Downtown)
$1,489,000
For sale: Multiplex
- Property type
- Multiplex
- Bedrooms / bathrooms
- 11 bedrooms, 7 bathrooms
- Living area
- 3,500 sqft
- MLS®
- MLS® X13525844
- Neighbourhood
- 451 - Downtown
7 UNITS. FULLY RENTED. $124,000 IN ANNUAL GROSS INCOME. Opportunities to acquire a fully occupied multi-residential asset in the heart of St. Catharines don't come along every day. This established 7-unit building offers investors immediate income from day one, with a desirable unit mix of 3 one-bedroom apartments and 4 two-bedroom apartments. With approximately $124,000 in annual gross income, positive cash flow and a strong cap rate, this is an opportunity to add scale to your portfolio without the uncertainty and carrying costs associated with vacant units or a major repositioning project. Located in downtown St. Catharines, the property places tenants close to shopping, restaurants, public transit, everyday amenities, and the ongoing investment and revitalization throughout the downtown core. The property also features on-site parking, a low-maintenance exterior and on-site laundry offering an additional income stream. Whether you're expanding an existing portfolio, moving into multi-residential investing or looking to reposition capital into an income-producing real estate asset, this property deserves a closer look. 7 units. 100% occupancy. Income in place. One property with the ability to make an immediate impact on your portfolio.Detailed financial information available for qualified buyers.
Sold data
Multiplex homes in St. Catharines (Downtown) — recent sold market
Multiplex homes in St. Catharines (Downtown) took a median of 29 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 62, across 43 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 89 days.
The median sale price was $539,900.
Homes sold for about 4.3% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 21% of sellers reduced their price before finding a buyer.
- Median days to sell
- 29
- Median sale price
- $539,900
- Sale-to-list ratio
- 95.7%
- Sold above asking
- 7%
Based on 43 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in St. Catharines (Downtown)
St. Catharines (Downtown) has 47 Fraser Institute–rated schools (38 elementary and 9 secondary), averaging 7.3/10.
- Rated schools
- 47
- Elementary
- 38
- Secondary
- 9
- Average rating
- 7.3 / 10
Top-rated schools in St. Catharines (Downtown)
- Applewood — elementary, St. CatharinesFraser rating 10.0/10
- Gracefield — elementary, St. CatharinesFraser rating 10.0/10
- Burleigh Hill — elementary, St. CatharinesFraser rating 9.9/10
- Oakridge — elementary, St. CatharinesFraser rating 9.6/10
- Power Glen — elementary, St. CatharinesFraser rating 9.5/10
- Westdale — elementary, St. CatharinesFraser rating 9.3/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 50 WELLAND AVENUE
$1,250,000
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