23 Saint Andrews Avenue
Welland, L3B 1E2
FOR SALE
$1,399,900

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Investment
CATEGORY3,614 Sq Ft
TOTAL AREAX12440067
MLSIDContact Us
Property Description
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.
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Property Details
Address
23 Saint Andrews Avenue
Community
City
Postal Code
L3B 1E2
Property Type
Investment, Investment
Use
Apartment
Zoning
RL1, RM
Lot Size
68' x 114'
Total Area
3,614 Sq Ft
Taxes
$5,945 (2025
Heat Type
Radiant
Water
Municipal
Parking Spaces
10
Garage Type
Outside/Surface
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Listing contracted with Rock Star Real Estate Inc.
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