50 Welland Avenue

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in St. Catharines , located at 50 Welland Avenue, St. Catharines. This impressive 3-storey multiplex is perfectly positioned in the vibrant heart of downtown St. Catharines, within the community of 451 - Downtown, and is just a stone's throw away from a plethora of shopping, dining, and public transport options. The property is not only well-maintained but also strategically situated to benefit from the ongoing revitalisation efforts within the city, making it an astute investment for those looking to expand their property portfolio.

This Multi-Family Home for sale in St. Catharines boasts a substantial total of 25 rooms, comprising 11 bedrooms and 7 bathrooms. The building features a combination of 3 one-bedroom units and 4 two-bedroom units, all of which are fully rented, generating a commendable gross annual income of approximately £115,000. This level of income ensures a positive cash flow and a robust cap rate, making it an excellent choice for investors seeking stability and growth in a high-demand rental area.

The exterior of this brick building is designed for low maintenance, allowing you to focus on maximising your investment returns rather than worrying about upkeep. Although there is no pool or fireplace, the property is equipped with window unit air conditioning to ensure comfort during the warmer months. Additionally, the heating is provided through a radiant system, and the property is connected to municipal water and sewer services, ensuring reliability and convenience for all tenants.

Parking is an essential feature of this Multi-Family Home for sale in St. Catharines, with space available for up to 5 vehicles. This is particularly advantageous in a downtown setting, where parking can often be a challenge. The absence of a garage and driveway is offset by the ample parking space, making it easy for tenants and guests alike. Furthermore, the property includes on-site laundry facilities, which not only enhance tenant satisfaction but also provide an additional income stream.

The interior of the building is unfurnished, allowing new owners to personalise the space according to their vision and the needs of their tenants. With no den or additional rooms, the layout is straightforward and efficient, maximising the rental potential of each unit. The full basement offers further possibilities for storage or additional amenities, should the new owner wish to explore these options.

As a Multi-Family Home for sale in St. Catharines, this property presents a unique opportunity for investors who are serious about growing their portfolio with a reliable income property. The combination of a prime location, strong rental income, and a well-maintained building makes this an attractive proposition. Financial details are available for serious inquiries, ensuring transparency and confidence in your investment decision.

In summary, 50 Welland Avenue, St. Catharines, is not just a property; it is a strategic investment opportunity in a thriving area. The 11 bedrooms and 7 bathrooms across 7 units provide a solid foundation for generating income, while the proximity to amenities and public transport enhances its appeal. This Multi-Family Home for sale in St. Catharines is a smart, turnkey opportunity that is sure to attract discerning investors looking for a stable and lucrative addition to their portfolio. Don’t miss out on this chance to secure a valuable asset in a rapidly developing community.

Downtown St. Catharines, often referred to as 451, is a vibrant and dynamic area that serves as the cultural and economic heart of the city. This community boasts a delightful mix of historic architecture and modern developments, offering a range of amenities including charming cafes, boutique shops, and diverse dining options. Residents can enjoy easy access to beautiful parks and the picturesque waterfront along the Welland Canal, perfect for leisurely strolls or outdoor activities. With a strong sense of community spirit, frequent events, and a lively arts scene, Downtown St. Catharines is an inviting place for those seeking a blend of urban convenience and a welcoming atmosphere.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within just 0.8 km, you will find Harriet Tubman Public School, an English-language elementary school offering grades JK to 8, rated at 5.9, and St. Nicholas Catholic Elementary School, also rated at 4.1, providing a Catholic education for grades K to 8. For secondary education, St. Catharines Collegiate is nearby, offering grades 9 to 12 with a rating of 3.2, while Sir Winston Churchill Secondary School, located 2.7 km away, boasts a higher rating of 7.5. Additionally, Jeanne Sauve French Immersion Public School, located 3.2 km away, offers French-language education for grades 1 to 8 and has a commendable rating of 6.4. Families seeking a Catholic high school can consider Denis Morris Catholic High School, which is 2.8 km from the property and has a rating of 6.9. Overall, the area provides a diverse selection of educational options, catering to various preferences and ensuring a strong foundation for children’s academic journeys.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 965 residents, characterized by an average household size of 1.7 individuals. The demographic profile reveals an average age of 40.6 years, with a significant portion of the population being single at 64.2%. The average household income stands at $66,000, although 24.2% of residents are classified as low-income. The real estate market reflects an average property price of $540,000, with a notable 78.45% of households being renters. Families with children comprise 22.5% of the households, while immigrants represent 15.38% of the population. Educational attainment is relatively high, with 62.66% of residents holding a college or university degree. Additionally, 34.18% of the population is not in the labor force, indicating a diverse economic landscape. The area also features a mix of housing types, including 14.66% condos, catering to various living preferences. Overall, this community presents a blend of young professionals, families, and a strong rental market, making it an attractive location for potential homebuyers and investors alike.