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Andrew Ahmed

andrew@gta.realestate +1(416) 619-5278

$1,049,900

Est. payment - /mo

9 Beds

5 Baths

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Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

Subdivision 768 - Welland Downtown

MLS Listing ID X13125466

Style 2-Storey

Bedrooms 9

Annual Tax Amount $3,632

Tax Year 2026

Property Sub-Type Multiplex

Property Description

A turnkey, income generating property in the heart of Welland. This exceptionally well maintained, 5-unit residential apartment building sits in a highly desirable central location, offering strong rental appeal and long-term value, with significant recent capital improvements including a new hot water heating system (2024), newer vinyl thermo windows 2018, and with on-site laundry for all tenants. Most units feature updated flooring and fresh paint, while the exterior stucco 2021 is in excellent condition reflecting the pride of ownership. Tenants benefit from an unbeatable location within walking distance to a major shopping plaza on Lincoln St., two elementary schools, the scenic Welland Canal walking and cycling paths, and vibrant downtown amenities. This property is also serviced by the Niagara Region wide bus route, making it attractive to a broad tenant base. Additional highlights include separate hydro meters, on site parking, and a double car garage at the rear of the property with the potential to generate an additional $1,200 annually by renting out half the garage space. Currently tenanted by quality, reliable residents, this solid and centrally located multi-unit investment asset represents a rare find in one of Niagara's growing communities.

Location

Province ON

County Niagara

Area Niagara

Rooms

Family Room No

Basement Separate Entrance, Partially Finished, Other

Kitchen 5

Interior

Interior Features Separate Hydro Meter

Cooling Other

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Landscape Lighting, Patio, Deck

Parking Features Available, Private

Garage Spaces 2.0

Pool None

Roof Type Asphalt Shingle,Membrane

Lot Frontage 52.83

Lot Depth 100.0

Total Parking Spaces 9

Building

Unit Features Hospital,Place Of Worship,Public Transit,School

Foundation Concrete Block

Others

ParcelsYN No

Virtual Tour https://youtu.be/i9BqgewXM7Y

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Listed by REAL BROKER ONTARIO LTD.

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256 Lincoln ST Welland, ON L3B 4N1