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. (id:40167)
Business
|
Business Type
|
Residential |
|
Business Sub Type
|
Apartments |
Property Details
|
MLS® Number
|
X12958032 |
|
Property Type
|
Multi-family |
|
Community Name
|
773 - Lincoln/Crowland |
|
Amenities Near By
|
Highway, Public Transit |
|
Equipment Type
|
Water Heater |
|
Parking Space Total
|
10 |
|
Rental Equipment Type
|
Water Heater |
Building
|
Bathroom Total
|
6 |
|
Cooling Type
|
None |
|
Heating Type
|
Radiant Heat |
|
Size Interior
|
3,614 Ft2 |
|
Type
|
Multi-family |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Highway, Public Transit |
|
Size Depth
|
114 Ft ,1 In |
|
Size Frontage
|
67 Ft ,6 In |
|
Size Irregular
|
67.5 X 114.1 Ft |
|
Size Total Text
|
67.5 X 114.1 Ft |
|
Zoning Description
|
Rl1, Rm |
https://www.realtor.ca/real-estate/29558870/23-saint-andrews-avenue-welland-lincolncrowland-773-lincolncrowland
