ON > Welland > 768 - Welland Downtown
Welland, ON L3B 4B2,23 Avenue PL
Welland, ON L3B 4B2,23 Avenue PL
Welland, ON L3B 4B2,23 Avenue PL
Welland, ON L3B 4B2,23 Avenue PL
Welland, ON L3B 4B2,23 Avenue PL
Welland, ON L3B 4B2,23 Avenue PL
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 549,000
Est. payment | /mo

5 Beds

3 Baths

Save
$ 549,000
Est. payment | /mo
Save

5 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision 768 - Welland Downtown

MLS Listing ID X12164718

Style 2 1/2 Storey

Bedrooms 5

Annual Tax Amount $3,120

Tax Year 2024

Property Sub-Type Triplex

Property Description

Legal Triplex! Located downtown Welland, a well maintained home and ready to be leased. The units are vacant and when rented it makes an exceptional cash flow positive investment. When it was rented in 2024, the property was grossing $56,700.00 annually and is now offered at a 7% cap rate. Unit 1 (2-beds) was renting for $1,750, Unit 2 (3-beds) for $1,650.00, and unit 3 (bachelor) for $1,300.00. Located just steps from the vibrant Welland Farmers' Market, Merritt Island Park, the Welland River, and the city's revitalized downtown core, this charming turn-of-the-century home is ideally located for convenience and lifestyle. Live in one unit while generating rental income from the others, or co-purchase with a partner to build equity together. The home has been well maintained and retains much of its original charm, while offering updated functionality. Updates: Electrical (2024), Bathroom Renovated 3rd floor (2025), New Appliances in 3rd floor (2025), Insulated 2nd floor ceiling to improve with sound from top floor (2025). Coined washer and dryer are not included but available for purchase if needed. Boiler has been serviced every year. Separate hydro and gas meters and three hot water heaters. This is a solid house and investment.

Location

Province ON

County Niagara

Community 768 - Welland Downtown

Area Niagara

Rooms

Family Room Yes

Basement Unfinished

Kitchen 3

Interior

Interior Features Separate Hydro Meter

Cooling None

Inclusions 3 fridges, 3 stoves, 3 fire extinguishers

Exterior

Parking Features Available

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 40.0

Lot Depth 70.0

Total Parking Spaces 4

Building

Building Age 100+

Foundation Concrete Block

Others

Senior Community Yes

ParcelsYN No

Listed by Coldwell Banker Community Professionals
Fawad Nissari

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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