Salehian.com 647-325-5000

50 Welland Avenue

451 - Downtown, St. Catharines, L2R 2M5

$1,489,000

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  • 11 bedrooms
  • 7 bathrooms
  • 5 parking
  • 3000-3500 sq ft

Listed 106 days ago · MLS® X13525844

About this home

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.

Details

Type
Multiplex
Style
3-Storey
Size
3000-3500 sq ft
Lot
50 × 115 ft
Basement
Full
Garage
None
Kitchens
7
Property tax
$7,300 (2026)
Neighbourhood
451 - Downtown
Municipality
St. Catharines

Interior

Bedrooms
11 above ground
Bathrooms
2 × 3-piece (main), 4 × 3-piece (upper), 1 × 3-piece (basement)
Rooms
25 above ground
Family room or den
No
Fireplace
No
Features
Carpet Free, Upgraded Insulation

Heating, cooling and services

Heating
Radiant, Gas
Air conditioning
Window Unit(s)
Water and sewer
Sewer

Building and exterior

Style
3-Storey
Exterior
Brick
Roof
Asphalt Shingle
Foundation
Poured Concrete
Faces
South

Parking

Total parking
5

Lot

Size
50 × 115 ft

More

Possession
FLEXIBLE
Cross street
Lake/Welland

History of this address

2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 59 cafés and restaurants, 7 parks, 4 pharmacies. Nearest park: Montebello Park (400 m).

Schools nearby

Elementary

  • French Elite Montessori Private6 min walk
  • St. Nicholas Catholic Elementary School Catholic
    EQAO: Gr 6 reading 82%, math 18%    12 min walk
  • Harriet Tubman Public School
    EQAO: Gr 6 reading 84%, math 60%    13 min walk
  • École élémentaire catholique Immaculée-Conception French
    EQAO: Gr 6 reading 85%, math 31%    13 min walk

Secondary

  • St. Catharines Collegiate Catholic
    EQAO: Gr 9 math 74%, literacy test 85%    12 min walk
  • St. John Adult Learing Centre Catholic1.6 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L2R

Owners / renters
50% / 50%
Median household income
$61,200
Average age
42
Children under 15
14%
Homes
49% detached, 13% high-rise
Commute by transit
5%
Population
25,558

Languages spoken most at home besides English: Spanish 1.5%, Arabic 0.9%, Mandarin 0.4%, Tagalog (Pilipino, Filipino) 0.4%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area in Niagara Peninsula Conservation’s mapping.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Niagara Region (St. Catharines) police: 54 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Niagara Peninsula Conservation open data. Crime Severity Index: Statistics Canada.

Living here

Commute

To Union Station (downtown Toronto): 55 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by REVEL Realty Inc., Brokerage.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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