32-38 WELLAND Avenue

St. Catharines, ON

6 bed
8,830 sqft
Investment
63 days on market

$1,799,000

12-unit apartment building. Approx. 7.1% cap rate & 22.9% ROI with 20% down and these number take into account estimates for Maintenance, Super, Vacancy and Property Management. A Must see building to appreciate how large the apartments are. 8 x 1-bed, 4 x 2-bed. 12 Parking spots. 3 HWT's owned. 2 Coin wash & dry Owned. 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 quick access to the QEW. Enjoy the phenomenal current cashflow knowing that there is still tremendous upside on rents on turnover. Scheduled Tours of all units will take place Saturday July 18th from 10:00AM to Noon. Please confirm attendance.

Listing Details

Taxes (2025): $24,876
Listed: July 13, 2026

Price History

Listing history

Property

Lot Size: 90 x 73.6 Feet

Parking

Garage: None

Location & Legal

Cross Street: Near: WELLAND/YORK
Zoning: RB
Parcel Number: 462160374
Possession: Flexible
Occupancy: Tenant

Commercial

Business Type: Apts - 6 To 12 Units

Included

Inclusions: 12 Fridges, 12 Stoves, 2 Washers, 2 Dryers, 3 Hot Water Tanks
Exclusions: Tenants belongings

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: 1,602
Median days on market: 26
Sale-to-list price: 96.6%

Based on 1,602 recorded sales of commercial properties in St. Catharines over the last 12 months.

Listed by

MYSAK REALTY INC.

Walk Score

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Location

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Commercial figures

Building area: 8,830 sq ft
Price per sq ft: $203.74
Annual property tax: $24,876
Tax per sq ft: $2.82

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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