Calling All Investors & First-Time Homebuyers! Turnkey Welland Duplex W/ Finished Basement Apartment & Garden Suite Potential!Exceptional Opportunity To Own A Well-Maintained Legal Duplex With A Finished Basement Apartment, Ideal For Generating Multiple Rental Incomes Or Comfortable Multi-Unit Living. The Spacious Main Unit Offers 2 Bedrooms, 1 Bath Over Two Storeys, Featuring A Brand New Kitchen, Open-Concept Layout, Walkout To A Large Backyard, And An Oversized Primary Bedroom With A Private Balcony. Projected Rent: $2,200/Month. The Upper 1-Bed, 1-Bath Unit Has A Separate Rear Entrance And Is Currently Tenanted Month-To-Month At $1,335/Month. The Finished Basement Adds Flexibility And Is Ideal For Additional Rental Income, With A Projected Rent Of $1,200/Month.The Property Includes Two Separate Driveways, Allowing For Parking For 5+ Vehicles, And Is Located In An RM Zoning Area, Which Allows For Further Expansion. Providing Excellent Potential To Increase Value And Rental Income. This Property Offers An Incredible Opportunity For Investors Or Homeowners Looking To Supplement Their Mortgage. 7% Cap Rate Potential. Endless Opportunities Await. Book Your Showing Today! Preliminary Drawings For Garden Suite Potential Available Upon Request. (id:4069)
Address
36 WELLAND STREET
List Price
$699,999
Property Type
Multi-family
Type of Dwelling
Duplex
Area
Ontario
Sub-Area
Welland (lincoln Crowland)
Bedrooms
5
Bathrooms
3
Floor Area
15,002,000 Sq. Ft.
Lot Size
49.5 x 132 FT Sq. Ft.
MLS® Number
X12101731
Listing Brokerage
ROYAL LEPAGE URBAN REALTY
Basement Area
N/A (Finished)
Postal Code
L3B4E4
Zoning
RL2, RM
Features
Carpet Free
