32-38 WELLAND Avenue
St. Catharines, ON
3 bed • Investment • 117 days on market
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.
Listing Details
- Taxes (2025)
- $24,876
- Listed
- May 4, 2026
Price History
Listing history
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Property
- Lot Size
- 90 x 73.6 Feet
Location & Legal
- Cross Street
- Between Ontario & Lake
- Zoning
- RB
- Parcel Number
- 462160374
- Possession
- Flexible
Commercial
- Business Type
- Apts - 6 To 12 Units
- Occupancy
- Tenant
Included
- Inclusions
- 12 Fridges, 12 Stoves, 2 Washers, 2 Dryers, 3 Hot Water Tanks
- Exclusions
- Tenants belongings
- Rental Items
- None
Community
Postal area L2R
- Population
- 25,558
- Private dwellings
- 13,117
- Median age
- 40.4
- Average household size
- 2.1
- Median household income
- $61,200
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 St. Catharines · last 12 months
- Median sold price
- $540,000
- Homes sold
- 1,615
- Median days on market
- 26
- Sale-to-list price
- 96.6%
Based on 1,615 recorded sales of commercial properties in St. Catharines over the last 12 months.
Listed by
MYSAK REALTY INC.
Location
Street View
Commercial figures
- Annual property tax
- $24,876
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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