23 Saint Andrews Avenue Welland, Ontario L3B 1E2
$1,349,000
This purpose-built 6-unit building offers a solid 6.2% cap rate today, with a clear path to 6.6% by September. Located on a corner along St. Andrews Street in a quiet, established pocket of Welland, with an elementary school across the street, this is the kind of steady location that attracts long-term, reliable tenants. No heavy renovations, no guesswork, no sleepless nights. This is a proven, income-producing property already generating strong returns, with upside that comes from tightening operations, not tearing the place apart, exactly what you want when stepping into your first multi-unit or adding to your portfolio. The fundamentals are right where they should be, paved parking, on-site coin laundry adding extra income, and dual entrances that keep the building secure and functional. Simple systems, predictable performance.This is how you move from thinking about investing to actually owning something that pays you every month. Buy smart, learn the ropes, build equity. Then do it again. (id:53712)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12958032 |
| Property Type | Multi-family |
| Community Name | 773 - Lincoln/Crowland |
| Amenities Near By | Highway, Public Transit |
| Equipment Type | Water Heater |
| Parking Space Total | 10 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 6 |
| Cooling Type | None |
| Heating Type | Radiant Heat |
| Size Interior | 3,614 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 114 Ft ,1 In |
| Size Frontage | 67 Ft ,6 In |
| Size Irregular | 67.5 X 114.1 Ft |
| Size Total Text | 67.5 X 114.1 Ft |
| Zoning Description | Rl1, Rm |
Contact Us
Contact us for more information
Michael Sommer
Salesperson
33 Maywood Ave
St. Catharines, Ontario L2R 1C5
(905) 688-4561
www.nrcrealty.ca/
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®)
April 05 2026 01:55:54
Niagara Association of REALTORS®
Royal LePage NRC Realty