23 Saint Andrews Avenue
Welland, ON
6 bath • 3,614 sqft • Investment • 324 days on market
5.7 CAP with current ops & room to grow! Rock-solid, purpose-built 6-unit powerhouse on a prime corner lot along St Andrews Street in a serene residential pocket of Welland, with elementary school across the street - foot traffic without the chaos, attract quality tenants that will stick around for the stability and quality. This isn't some fixer-upper gamble; it's a battle-tested performer churning out excellent gross income right now, with tonnes of untapped equity with operations tweaks and NOI boosts that could flip the script on your returns, priming it for that classic BRRRR play - buy smart, refine sharp, refinance fat, and repeat the win. Quality screams from every angle: paved parking that keeps headaches at bay, on-site coin laundry pulling in steady side cash, and dual entrances that lock in safety without skimping on access. For the investor eyeing that next leap into bigger multifamily waters, this is your unflashy powerhouse - delivering immediate cash flow with the muscle to scale.
Listing Details
- Taxes (2025)
- $5,945
- Listed
- October 2, 2025
Price History
Listing history
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Property
- Lot Size
- 67.5 x 114.1 Feet
Location & Legal
- Cross Street
- East Main St.
- Zoning
- RL1, RM
- Parcel Number
- 641170096
- Possession
- Flexible
Commercial
- Business Type
- Apts - 6 To 12 Units
- Occupancy
- Tenant
Included
- Inclusions
- Existing Appliances
- Exclusions
- Tenants' Belongings
Community
Postal area L3B
- Population
- 25,869
- Private dwellings
- 11,617
- Median age
- 43.2
- Average household size
- 2.3
- Median household income
- $66,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Welland · last 12 months
- Median sold price
- $535,000
- Homes sold
- 767
- Median days on market
- 33
- Sale-to-list price
- 96.3%
Based on 767 recorded sales of commercial properties in Welland over the last 12 months.
Listed by
ROCK STAR REAL ESTATE INC.
Location
Commercial figures
- Building area
- 3,614 sq ft
- Price per sq ft
- $387.35
- Annual property tax
- $5,945
- Tax per sq ft
- $1.64
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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