Multi-Family for sale in Welland (Welland Downtown), Ontario. Listed at $399,900.
1314 sq ft
MLS® X14145532
A turnkey, fully tenanted duplex in the heart of downtown Welland. The 2-bedroom units rents for $1,409/month and the 1-bedroom for $1,178/month, both plus hydro and gas, for $31,044 in gross annual rent. Both units are separately metered, so tenants pay their own hydro and gas. Owner costs are just water, taxes and insurance, about $6,777 a year, for a net operating income of roughly $24,267 before vacancy and maintenance. Major items are covered, including a 2024 roof and updated electrical and a 2025 hot water tank in Unit 2. Both units have 100-amp breaker panels with copper wiring, and plumbing is copper, ABS and PEX. The walkable location near the Farmer's Market, shopping, schools and transit keep rental demand steady. (id:27495)
Listing courtesy of RE/MAX NIAGARA REALTY LTD, BROKERAGE · Nicki Lumsden
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
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