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Active
23 Saint Andrews AVE Welland, ON L3B 1E2
6 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X12440067
Annual Tax Amount $5,945
Tax Year 2025
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Niagara
Area Niagara
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 67.5
Lot Depth 114.1
Others
ParcelsYN No
Listed by ROCK STAR REAL ESTATE INC.
