$1,349,000
Available - For Sale
Listing ID: X12958032
23 Saint Andrews Avenue , Welland, L3B 1E2, Niagara
| This purpose-built 6-unit building offers a solid 6.2% cap rate today, with a clear path to 6.6% by September. Located on a corner along St. Andrews Street in a quiet, established pocket of Welland, with an elementary school across the street, this is the kind of steady location that attracts long-term, reliable tenants. No heavy renovations, no guesswork, no sleepless nights. This is a proven, income-producing property already generating strong returns, with upside that comes from tightening operations, not tearing the place apart, exactly what you want when stepping into your first multi-unit or adding to your portfolio. The fundamentals are right where they should be, paved parking, on-site coin laundry adding extra income, and dual entrances that keep the building secure and functional. Simple systems, predictable performance.This is how you move from thinking about investing to actually owning something that pays you every month. Buy smart, learn the ropes, build equity. Then do it again. |
| Price | $1,349,000 |
| Taxes: | $5945.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 23 Saint Andrews Avenue , Welland, L3B 1E2, Niagara |
| Postal Code: | L3B 1E2 |
| Province/State: | Niagara |
| Legal Description: | LT 158, PL 638 ; PT LT 159, PL 638 , AS |
| Directions/Cross Streets: | East Main St. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 3614.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Major Highway Public Transit |
| Financial Statement: | T |
| Chattels: | T |
| Washrooms: | 6 |
| Heat Type: | Radiant |
| Central Air Conditioning: | No |
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financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE NRC REALTY |
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Dir:
416-417-2400
Bus:
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Fax:
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Welland |
| Neighbourhood: | 773 - Lincoln/Crowland |
| Tax: | $5,945 |
| Baths: | 6 |
| Fireplace: | N |
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