Address
62 Welland Avenue, St. Catharines (Downtown), ON
Price
$ 999,000
Property Attributes
- ID#X13465656
- TypeMixed Use
- Listing Status Active
- MunicipalitySt. Catharines (Downtown)
- CitySt. Catharines (Downtown)
- Area451 - Downtown
- Neighbourhood451 - Downtown
- Postal CodeL2R 2M7
- Style
- Price$ 999,000
- Bedrooms0
- Bathrooms3
- Half Bathrooms0
- Sqr Footage3000
Data Source:
Canadian Real Estate Association (CREA)
Property Description
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. (id:7434)
General Features
| Property Type | Retail |
|---|---|
| Zoning Description | C1 |
| CommunityName | 451 - Downtown |
| Amenities | Public Transit, Recreation |
| Building Cooling Type | Partially air conditioned |
| Location Description | Fronting on Lake St., Welland Ave. and James St. facing west |
| Parking Space Total | 6 |
| Building Type | Residential Commercial Mix |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
| Building Heating Fuel | Natural gas |
| Living Area Range | 3000 |
Exterior Features
| Land Amenities | Public Transit, Recreation |
|---|
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Mixed Use Average in L2R 2M7
Price
In The Neighbourhood
St. Catharines (Downtown)
$ 599,000
- Type
- Mixed Use
- Size
- 3,100 SqFt
- Rooms
- 0 Beds + 0 Baths
GOWEST REALTY LTD.
St. Catharines (Downtown)
$ 499,999
- Type
- Mixed Use
- Size
- 4,166 SqFt
- Rooms
- 0 Beds + 0 Baths
EXP REALTY
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. 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. Used under license.
