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MLS® X12440067
Welland, ON
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.
Inclusions
Existing Appliances
Exclusions
Tenants' Belongings
Broker
ROCK STAR REAL ESTATE INC.
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Investment
23 Saint Andrews Avenue Welland
Welland
Type
Investment
Parking
Outside/Surface
Property Tax
~$5,945/yr
Heating
Radiant
Buying Essentials
Square Feet
3614 sqft
Parking
Outside/Surface
Finances
List Price
$1,399,900
Price per SQFT
$387/sqft
Property Tax
~$5,945/yr
Property Specs
Property Type
Investment
MLS Size
3614 sqft
Living & Amenities
Heating Type
Radiant
Policies & Utilities
Neighbourhood
Welland
Listed On
Oct 2, 2025
Days on Market
Current: 401 days
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