$999,000
Available - For Sale
Listing ID: X13465656
62 Welland Avenue , St. Catharines, L2R 2M7, Niagara
| Positioned at one of the most recognizable and highly travelled intersections in downtown St. Catharines, 62 Welland Avenue offers strong visibility, corner exposure, and multiple income streams under one roof. This asset features two professionally updated commercial units on the main floor, an updated two-bedroom residential apartment above, and additional income generated through a rooftop Pattison billboard lease. In total, the property generates approximately $7,217 per month across commercial, residential, and billboard revenue. The main-floor commercial space underwent a comprehensive, legal, and fully permitted renovation in 2019, resulting in two well-appointed suites, each with its own entrance, washroom, and kitchenette. The layout was intentionally designed with future flexibility in mind, allowing for the option to combine both units into a larger commercial space if desired. The upper-level apartment features oversized windows, updated finishes, rooftop patio access, and new vinyl flooring installed in 2026, offering a bright and functional residential component that complements the income-producing commercial uses below. Investors will appreciate the extensive list of capital improvements already completed, including new HVAC systems, air exchanger, electrical upgrades, soundproofing, updated lighting, most windows replaced, new commercial entry doors, and exterior façade and stucco enhancements. All fire code mandates were completed as part of the 2019 renovation. Additional features include a large owner-use basement storage area and six on-site parking spaces. With stable tenancy in place, diverse income sources, and extensive updates already completed, 62 Welland Avenue offers an opportunity to acquire a property that is working for you from day one while still leaving room for tomorrow's possibilities. |
| Price | $999,000 |
| Taxes: | $14128.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 62 Welland Avenue , St. Catharines, L2R 2M7, Niagara |
| Postal Code: | L2R 2M7 |
| Province/State: | Niagara |
| Directions/Cross Streets: | Fronting on Lake St., Welland Ave. and James St. facing west |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Store With Apt/Office |
| Building Percentage: | T |
| Total Area: | 3000.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 1000 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit Recreation/Comm |
| Sprinklers: | Part |
| Washrooms: | 3 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Partial |
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| ROYAL LEPAGE NRC REALTY |
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|
Wally Islam
Real Estate Broker
Dir:
416-949-2626
Bus:
416-293-8500
Fax:
905-913-8585
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At a Glance:
| Type: | Com - Store W Apt/Office |
| Area: | Niagara |
| Municipality: | St. Catharines |
| Neighbourhood: | 451 - Downtown |
| Tax: | $14,128 |
| Baths: | 3 |
| Fireplace: | N |
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