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32-36 WELLAND Avenue
451 - Downtown St. Catharines L2R 2M3

$1,799,000 /For Sale
Commercial

Main Photo: 32-36 WELLAND Avenue in St. Catharines: 451 - Downtown Commercial for sale : MLS®# X13558406
Photo 1: 32-36 WELLAND Avenue in St. Catharines: 451 - Downtown Commercial for sale : MLS®# X13558406
Photo 2: 32-36 WELLAND Avenue in St. Catharines: 451 - Downtown Commercial for sale : MLS®# X13558406
Photo 3: 32-36 WELLAND Avenue in St. Catharines: 451 - Downtown Commercial for sale : MLS®# X13558406
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13558406
Bus Major:
Apts - 6 To 12 Units
12-unit apartment building. Approx. 7.1% cap rate & 22.9% ROI with 20% down and these number take into account estimates for Maintenance, Super, Vacancy and Property Management. A Must see building to appreciate how large the apartments are. 8 x 1-bed, 4 x 2-bed. 12 Parking spots. 3 HWT's owned. 2 Coin wash & dry Owned. 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 quick access to the QEW. Enjoy the phenomenal current cashflow knowing that there is still tremendous upside on rents on turnover. Scheduled Tours of all units will take place Saturday July 18th from 10:00AM to Noon. Please confirm attendance.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
8830 sq. ft. Square Feet
Total Area:
8,830 sq. ft.
Lot Depth:
73'7"
Lot Frontage:
90'
Lot Details:
90.00 x 73.60
Bedrooms:
6
Water supply:
Municipal
Kitchens:
0
Zoning:
RB
Heating type:
Gas Hot Water
Garage:
None
Possession Details:
Flexible
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$24,876 / 2025
Assessment:
$- / -
Niagara
St. Catharines
451 - Downtown
Public Transit, Recreation/Community Centre
12 Fridges, 12 Stoves, 2 Washers, 2 Dryers, 3 Hot Water Tanks
Tenants belongings
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
Yes
Gross income:
$196,820
Expenses Actual/Estimated:
Estimated
Heating Expenses:
$7,263
Hydro Expenses:
$2,349
Insurance Expenses:
$10,300
Water Expenses:
$5,459
Year Expenses:
2026
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
Jul 13, 2026
Original Price:
Previous Price:
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Listed by MYSAK REALTY INC.
Data was last updated July 15, 2026 at 12:15 AM (UTC)
DARYL  KING
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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.