36 WELLAND STREET, Welland, Ontario, L3B 4E4

$624,999

MLS® # X12465322

Investment For Sale In Eastdale, Welland, Ontario

$624,999

Property Information:

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. Income Details: The Upper 1-bedroom, 1-Bath Unit With A Private Rear Entrance Is Currently Tenanted Month-To-Month At $1,335/Month. The Finished Basement Is Currently Tenanted On A Year Lease At $1,300/month. The Main Floor Unit Is Currently Tenanted On A Year Lease At $2,000/month. Providing Excellent Income Potential. 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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Duplex
  • Basement Development: Finished
  • Basement Type: N/A, N/A
  • Exterior Finish: Stucco
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Unknown
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dishwasher, Dryer, Hood Fan, Stove, Washer, Window Coverings, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 3+2
  • Bathrooms: 3
  • Features: Carpet Free
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 132.0 Feet
  • Lot Frontage: 49.5 Feet
  • Lot Size: 49.5 x 132 FT
  • Structure Type: Deck, Porch
  • Zoning: RL2, RM
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 5

Rooms:

  • Primary Bedroom 2nd Level 4.67 m x 4.95 m
  • Kitchen 2nd Level 2.75 m x 2.51 m
  • Dining 2nd Level 4.30 m x 1.95 m
  • Living 2nd Level 2.65 m x 2.94 m
  • Primary Bedroom 2nd Level 2.00 m x 2.65 m
  • Kitchen Basement Level 2.60 m x 2.53 m
  • Living Basement Level 3.65 m x 2.53 m
  • Primary Bedroom Basement Level 3.61 m x 2.64 m
  • Den Basement Level 2.56 m x 2.64 m
  • Laundry Basement Level 1.99 m x 3.19 m
  • Living Main Level 8.16 m x 3.98 m
  • Dining Main Level 8.16 m x 3.98 m
  • Kitchen Main Level 3.40 m x 2.67 m
  • Bedroom Main Level 2.71 m x 2.67 m
  • Sun Room Main Level 4.11 m x 2.68 m

Courtesy of: Royal LePage Urban Realty

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