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191 Welland Ave
St Catharines, ON L2R 2P2
Geneva Square · Retail Property For Sale
Investment Highlights
- 21,551 SF Multi-tenanted Commercial Plaza on 1.90 AC
- 10 units leased — only 1 unit remaining
- On public transit route & easy access to Highway 406
- 9 existing units and 2 newly built units
- Great Exposure Location at the Corner of Geneva Street & Welland Avenue
- Brand-new paved parking lot at the rear
Executive Summary
Local St. Catharines established neighbourhood plaza with strong tenant mix and only one vacancy. Two new units of 2,400 sq. ft. each just added to the development in 2025. Frontage on 3 streets at the intersection of Welland Ave. and Geneva and Race St. New Niagara Regional Police offices located across the street. Tim Horton's and Ma Restaurant in local trade area. High traffic counts. Tenant's include dental, Physiotherapy, food, C Store. Current net income $320,000.00. Financials available to all Buyer and Agents upon signing an NDA.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,551 SF
Building Class
C
Year Built
1988
Price
$6,200,000 CAD
Price Per SF
$287.69 CAD
Cap Rate
5.24%
NOI
$325,000 CAD
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
1.17 AC
Zoning
CE - Commercial
Parking
80 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
1 of 8
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