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23 Saint Andrews Avenue
773 - Lincoln/Crowland Welland L3B 1E2

$1,349,000 /For Sale
Commercial

Main Photo: 23 Saint Andrews Avenue in Welland: 773 - Lincoln/Crowland Commercial for sale : MLS®# X12958032
Photo 1: 23 Saint Andrews Avenue in Welland: 773 - Lincoln/Crowland Commercial for sale : MLS®# X12958032
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Photo 36: 23 Saint Andrews Avenue in Welland: 773 - Lincoln/Crowland Commercial for sale : MLS®# X12958032
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12958032
Bus Major:
Apts - 6 To 12 Units
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.
Percent of Building:
100
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
3614 sq. ft. Square Feet
Total Area:
3,614 sq. ft.
Lot Depth:
114'1"
Lot Frontage:
67'6"
Bathrooms:
6.0
Water supply:
Municipal
Zoning:
RL1, RM
Heating type:
Radiant
Garage:
Outside/Surface
Parking Spaces:
10
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$5,945 / 2025
Assessment:
$- / -
Niagara
Welland
773 - Lincoln/Crowland
Major Highway, Public Transit
Hot Water Heater if applicable
Existing Appliances
Tenant belongings
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
No
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Financial Statements:
Yes
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Chattels:
Yes
Date Listed:
Apr 05, 2026
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE NRC REALTY
Data was last updated April 10, 2026 at 01:15 AM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.