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Windsor Suites 17-19 Collier St 32 Unit Apartment Building $10,800,000 CAD ($337,500 CAD/Unit) 4.46% Cap Rate St Catharines, ON L2P 2T3
Investment Highlights
- Strong Projected Year 1 NOI of $481,606
- Hydro individually metered, with costs fully covered by tenants; electric heating system.
- Renovated units featuring open concept layouts, quartz-style kitchen countertops and new flooring throughout.
- On-site laundry and 6 rentable storage lockers generate supplemental income.
Executive Summary
Presenting 17-19 Collier Street, a beautifully renovated 32-unit multifamily property in the heart of St. Catharines, Ontario. This 1.09-acre, four-storey building combines modern amenities with an ideal location, making it an excellent investment opportunity.
Built in 1951 and fully updated in 2022-2023, the property offers a balanced suite mix of 15 one-bedroom and 17 two-bedroom units, each designed with contemporary comforts and quality finishes.
Each unit features an open-concept living space with a modern kitchen equipped with quartz-style countertops, a stylish tile backsplash, and a spacious island ideal for dining. Brand-new flooring runs throughout, and bathrooms have been updated to include full-sized baths with tiled surrounds. Tenants enjoy personalized comfort with individual heat controls and energy-efficient windows, while on-site laundry facilities add convenience and generate supplemental income. Six rentable storage lockers offer additional income potential.
Located conveniently near Highway 406, this property offers quick access to the rest of the Niagara Region, and Toronto. With a projected Year 1 NOI of $481,606, this property promises both current income and future growth in a prime location.
Built in 1951 and fully updated in 2022-2023, the property offers a balanced suite mix of 15 one-bedroom and 17 two-bedroom units, each designed with contemporary comforts and quality finishes.
Each unit features an open-concept living space with a modern kitchen equipped with quartz-style countertops, a stylish tile backsplash, and a spacious island ideal for dining. Brand-new flooring runs throughout, and bathrooms have been updated to include full-sized baths with tiled surrounds. Tenants enjoy personalized comfort with individual heat controls and energy-efficient windows, while on-site laundry facilities add convenience and generate supplemental income. Six rentable storage lockers offer additional income potential.
Located conveniently near Highway 406, this property offers quick access to the rest of the Niagara Region, and Toronto. With a projected Year 1 NOI of $481,606, this property promises both current income and future growth in a prime location.
Property Facts
| Price | $10,800,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $337,500 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.09 AC |
| Cap Rate | 4.46% | Building Size | 28,660 SF |
| No. Units | 32 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1951/2023 |
| Property Subtype | Apartment | Parking Ratio | 3/1,000 SF |
| Zoning | R3, G1 - Residential | ||
| Price | $10,800,000 CAD |
| Price Per Unit | $337,500 CAD |
| Sale Type | Investment |
| Cap Rate | 4.46% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.09 AC |
| Building Size | 28,660 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1951/2023 |
| Parking Ratio | 3/1,000 SF |
| Zoning | R3, G1 - Residential |
Amenities
Unit Amenities
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 696 |
| 2+1 | 16 | - | 967 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
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Windsor Suites | 17-19 Collier St
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