50 Welland Avenue
St. Catharines, ON
- 11 bed
- 7 bath
- approx. 3000-3500 sqft
- Multiplex
- 62 days on market
7 UNITS. FULLY RENTED. OVER $125,000 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 $125,000 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.
Listing Details
- Taxes (2026)
- $7,300
- Listed
- July 6, 2026
Price History
Property
- Style
- 3-Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Interior
- Carpet Free, Other, Upgraded Insulation
- Lot Size
- 50 x 115 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 5
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Lake/Welland
- Zoning
- R3
- Parcel Number
- 462160131
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Rental Items
- TANKLESS WATER HEATER
Schools
Elementary
- Harriet Tubman Public School0.8 km
Public · DSB Niagara · 680 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 60% met the provincial standard
- St Nicholas Catholic Elementary School0.8 km
Catholic · Niagara CDSB · 215 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 18% met the provincial standard
- ÉÉC Immaculée-Conception0.9 km
French Catholic · CS catholique MonAvenir · 140 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 31% met the provincial standard
Secondary
- St Catharines Collegiate Institute and Vocational School0.8 km
Public · DSB Niagara · 700 students
Grade 10 literacy: 85% met the provincial standard
- DSBN Academy2.6 km
Public · DSB Niagara · 225 students
Grade 10 literacy: 91% met the provincial standard
- Sir Winston Churchill Secondary School2.8 km
Public · DSB Niagara · 1025 students
Grade 10 literacy: 91% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
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
Residential Freehold in St. Catharines · last 12 months
- Median sold price
- $540,000
- Homes sold
- 1,624
- Median days on market
- 26
- Sale-to-list price
- 96.6%
Based on 1,624 recorded sales of residential freehold properties in St. Catharines over the last 12 months.
Listed by
REVEL Realty Inc., Brokerage
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
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Mortgage Calculator
$297,800
Estimated Monthly Payment
$7,315
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $7,315/mo (20% down, 5.5%)
Taxes: $608/mo · Insurance: $372/mo
Estimates only. Consult a financial advisor.
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