$2,150,000
FOR SALE

Investment

Lot: 90 x 73.6 ft
2025 Taxes: $24,876

32-38 WELLAND Ave
St. Catharines, ON L2R 2M3 | 451 - Downtown | Niagara

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.
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Listed By MYSAK REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13081260
Last Updated May 04, 2026
Property Summary
Property Type Investment

More like this:
Use Apts - 6 To 12 Units
PIN 462160374
Legal Description LOT 845, CP PLAN 2, GRANTHAM, EXCEPT PT 2, PT LOT 844, CP PLAN 2,
Taxes (2025) $24,876
Directions/Cross Streets Between Ontario & Lake
Neighbourhood 451 - Downtown
Area Niagara
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Bedrooms 3
Lot 90 x 73.6 ft
Air Conditioning No
Basement Basement
Garage Type None
Parking Spaces 12
Heat Type Radiant

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