32-38 WELLAND AVENUE

St. Catharines (Downtown), , L2R2M3, Canada

$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.

EXTRAS: Dryer, Two Washers, Water Heater

Last updated on : Sunday 24th of May 2026 08:01:13 PM

ADDRESS

Street : 32-38 WELLAND AVENUE

City : St. Catharines (Downtown)

Country : Canada

Postal Code : L2R2M3

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PROPERTY SUMMARY

Property ID : X13081260

Building Type : Multi-Family

Property Type : Multi-family

Bedrooms : 3

Parking : 12

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