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32-38 WELLAND Avenue
451 - Downtown St. Catharines L2R 2M3

$2,150,000 /For Sale
Commercial

Main Photo: 32-38 WELLAND Avenue in St. Catharines: 451 - Downtown Commercial for sale : MLS®# X13081260
Photo 1: 32-38 WELLAND Avenue in St. Catharines: 451 - Downtown Commercial for sale : MLS®# X13081260
Photo 2: 32-38 WELLAND Avenue in St. Catharines: 451 - Downtown Commercial for sale : MLS®# X13081260
Photo 3: 32-38 WELLAND Avenue in St. Catharines: 451 - Downtown Commercial for sale : MLS®# X13081260
Photo 4: 32-38 WELLAND Avenue in St. Catharines: 451 - Downtown Commercial for sale : MLS®# X13081260
Photo 5: 32-38 WELLAND Avenue in St. Catharines: 451 - Downtown Commercial for sale : MLS®# X13081260
Photo 6: 32-38 WELLAND Avenue in St. Catharines: 451 - Downtown Commercial for sale : MLS®# X13081260
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Photo 22: 32-38 WELLAND Avenue in St. Catharines: 451 - Downtown Commercial for sale : MLS®# X13081260
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Photo 24: 32-38 WELLAND Avenue in St. Catharines: 451 - Downtown Commercial for sale : MLS®# X13081260
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13081260
Bus Major:
Apts - 6 To 12 Units
12-unit apartment building. Aprox 6.3% cap rate. Must see building to appreciate how large the apartments are. 8x1Bed 4x2Bed.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 provides quick access to the Queen Elizabeth Way. There is clear upside potential on rents, with two-bedroom units in the area achieving approximately $1,900-$2,100 and one-bedroom units $1,600-$1,800, positioning this as a stable investment with room for income growth aligned with strong rental demand. Phenomenal opportunity to acquire a well-maintained asset in a central location showing pride of ownership throughout. Tour all units Sunday May 10th 10am-Noon. Please confirm attendance.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
0 sq. ft. Square Feet
Total Area:
0 sq. ft.
Lot Depth:
73'7"
Lot Frontage:
90'
Lot Details:
90.00 x 73.60
Bedrooms:
3
Water supply:
Municipal
Kitchens:
0
Zoning:
RB
Heating type:
Radiant
Garage:
None
Parking Spaces:
12
Lot Irregularities:
Irregular
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$24,876 / 2025
Assessment:
$- / -
Niagara
St. Catharines
451 - Downtown
Major Highway, Public Transit
None
12 Fridges, 12 Stoves, 2 Washers, 2 Dryers, 3 Hot Water Tanks
Tenants belongings
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Gross income:
$196,820
Expenses Actual/Estimated:
Estimated
Heating Expenses:
$7,263
Hydro Expenses:
$2,349
Insurance Expenses:
$6,200
Tax Expenses:
$24,876
Water Expenses:
$5,459
Year Expenses:
2025
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
May 04, 2026
Original Price:
Previous Price:
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Listed by MYSAK REALTY INC.
Data was last updated May 5, 2026 at 03:15 AM (UTC)
DARYL  KING
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When evaluating apartment buildings for sale, consider:

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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.