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$1,399,900
Available - For Sale
Listing ID: X12440067
5.7 CAP with current ops & room to grow! Rock-solid, purpose-built 6-unit powerhouse on a prime corner lot along St Andrews Street in a serene residential pocket of Welland, with elementary school across the street - foot traffic without the chaos, attract quality tenants that will stick around for the stability and quality. This isn't some fixer-upper gamble; it's a battle-tested performer churning out excellent gross income right now, with tonnes of untapped equity with operations tweaks and NOI boosts that could flip the script on your returns, priming it for that classic BRRRR play - buy smart, refine sharp, refinance fat, and repeat the win. Quality screams from every angle: paved parking that keeps headaches at bay, on-site coin laundry pulling in steady side cash, and dual entrances that lock in safety without skimping on access. For the investor eyeing that next leap into bigger multifamily waters, this is your unflashy powerhouse - delivering immediate cash flow with the muscle to scale.
Price $1,399,900
Taxes: $5,945
Tax Type: Annual
Occupancy by: 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.
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Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 3,614
Total Area Code:  Square Feet
Chattels: T
Maintenance: 0
Heat Type: Radiant
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROCK STAR REAL ESTATE INC.

23 Saint Andrews Avenue , Welland, L3B 1E2, Niagara

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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At a Glance:
Type: Com - Investment
Area: Niagara
Municipality: Welland
Neighbourhood: 773 - Lincoln/Crowland
Style:
Lot Size: x 114.10(Feet)
Approximate Age:
Tax: $5,945
Maintenance Fee: $0
Beds: 0
Baths: 6
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908