23 Saint Andrews Avenue Welland, Ontario L3B 1E2
$1,399,900
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. (id:50886)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12440067 |
| Property Type | Multi-family |
| Community Name | 773 - Lincoln/Crowland |
| Parking Space Total | 10 |
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 |
| 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 |
Contact Us
Contact us for more information
Paul D'abruzzo
Salesperson
418 Iroquois Shore Rd #103a
Oakville, Ontario L6H 0X7
(905) 361-9098
(905) 338-2727
www.rockstarbrokerage.com
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 17 2025 05:51:06
Toronto Regional Real Estate Board
Rock Star Real Estate Inc.