$624,900
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5 Beds
3 Baths
1,938 SqFt
SOLD DATE : 05/26/2025
Key Details
Property Type Multi-Family
Sub Type Multi-3 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 1,938 sqft
Price per Sqft $322
MLS Listing ID 40703453
Sold Date 05/26/25
Bedrooms 5
Abv Grd Liv Area 1,938
Annual Tax Amount $3,882
Property Sub-Type Multi-3 Unit
Source Waterloo Region
Property Description
**Attention Investors** Fully renovated legal triplex in the heart of Welland, perfectly positioned amidst ongoing residential
and commercial development. The property offers impressive rental income with over 55,000 annually. Each unit is equipped with separate meters for heat and hydro, ensuring hassle-free management and utility accountability for tenants. Strategically located, this triplex is in close proximity to essential amenities, making it highly attractive to prospective renters. The surrounding area is bustling with development, indicating promising growth and future value appreciation. Seize this incredible investment opportunity and secure a steady income stream with this well-situated, turnkey property.
Location
Province ON
County Niagara
Area Welland
Zoning INSH
Direction King Street to Ontario Road
Rooms
Basement Partial, Unfinished, Sump Pump
Kitchen 0
Interior
Interior Features Separate Heating Controls
Heating Electric
Cooling Wall Unit(s)
Fireplace No
Laundry In-Suite
Exterior
Parking Features Detached Garage
Garage Spaces 1.0
Roof Type Asphalt Shing
Lot Frontage 36.0
Lot Depth 92.4
Garage Yes
Building
Lot Description Hospital, Library, Park, Public Transit, Schools
Faces King Street to Ontario Road
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 641220164
Ownership Freehold/None
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