Property Purchase
200 – 230 Denistoun Street, Welland, ON
WHY WE CHOSE TO ADD THIS PROPERTY TO OUR PORTFOLIO:
Attractive Rental Market: The Niagara Region has experienced significant growth over the past few years with population growth reaching 4.1% between 2017 and 2022. Welland, in particular, has performed well in its rental market with demand continuing to outweigh supply. This has been driven primarily by a large senior population and high net-migration levels.
Scale: Parkway Village is a four-property portfolio representing around 14% of Welland’s rental stock and nearly 50% of all Welland suites built after 1980.
Location: Situated on 11.68 acres and adjacent to the Welland Recreational Waterway, many suites offer unobstructed views of the river. The highly accessible location offers access to the U.S.-Canada border, is a 1-hour drive to the GTA, close to major highways, schools and universities, health care, tourism attractions, amenities, and shopping. The area is also known for its plentiful greenspace and stunning scenery.
LOCATION:
200, 210, 220 & 230 Denistoun Street are located steps from the Welland Recreational Waterway, and offer easy access to downtown Welland, grocery stores, restaurants, coffee shops, hospital, churches, public transit, schools, parks and walking trails. The properties are also close to Niagara College, Welland Campus and Brock University, and is only a short drive away from the destinations of Niagara Falls, St. Catharines, and the U.S. border.
PROPERTY AND UNIT DETAILS:
Each of the four buildings has 8 storeys for a total of 388 units and 581 parking spots (101 indoor, 480 outdoor).
Suites range from approximately 550 sq. ft. to 1300 sq. ft. with large windows, plenty of natural light, and many with waterway views.
Amenities including a fitness room, social room, laundry facilities, individual thermostats, cable-ready, wheelchair access, and on-site staff.
200 – 230 Denistoun Street, Welland, ON
Purchase Date: June 21, 2024
Years Built: 1987-1991
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