22 WELLAND AVENUE, St. Catharines (Downtown)
22 WELLAND AVENUE, St. Catharines (Downtown), ON L2R2M2
$799,999 total
—
Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA9 — High Rise
$ / SF
—
Occupancy
85%
About this property
Very good Investment property for the investors. Completely renovated fourplex building that features 3 large 1 bedrooms apartments and one 2 bedroom apartment with each separate entrance. Walking distance of restaurants, retail, public transit, and all the amenities. Quick access to Hwys. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$27K
Annual cash flow
$-18K
Cash-on-cash
-7.35%
DSCR
0.60
Going-in cap
3.34%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
125,644
Households
46,810
Median income
$123,500
Median age
37
Daytime population
213,119
5-yr growth
5.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 22 WELLAND AVENUE, St. Catharines (Downtown).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.