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info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

3 Beds

2 Baths

Save

Est. payment | -/mo

Save

3 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision 768 - Welland Downtown

MLS Listing ID X13524072

Style 1 1/2 Storey

Bedrooms 3

Annual Tax Amount $2,556

Tax Year 2026

Property Sub-Type Duplex

Property Description

Attention investors and savvy buyers! This separate metered duplex in the heart of downtown Welland offers strong rental income and excellent long-term potential. Ideally located just steps to the Welland Farmers' Market, restaurants, shopping, parks, schools and public transit, this property combines convenience with cash flow. The front unit features 2 spacious bedrooms and rents for $1,409/month, while the rear unit offers 1 bedroom plus a den/home office and rents for $1,178/month, generating a gross annual income of $31,044. Based on the current income and operating expenses, the property offers an approximate 5.4% cap rate. Separate hydro and gas meters help reduce operating expenses, making this an attractive investment. The unfinished basement provides laundry and additional storage space. Situated on a 33 x 132 ft lot, the front tenant enjoys exclusive use of the covered front porch while the rear tenant has access to the private backyard. Whether you're looking to expand your investment portfolio, live in one unit while offsetting your mortgage with rental income, or add a duplex to your holdings, this property is an opportunity you won't want to miss. Approximate cap rate is based on current rental income and annual operating expenses as provided by the Seller.

Location

Province ON

County Niagara

Area Niagara

Zoning RL2

Rooms

Family Room No

Basement Unfinished

Kitchen 2

Interior

Interior Features Water Heater Owned

Cooling Window Unit(s)

Exterior

Exterior Feature Porch

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 34.33

Lot Depth 130.39

Total Parking Spaces 2

Building

Building Age 100+

Foundation Concrete Block

Others

Senior Community No

ParcelsYN No

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE

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+1(647) 493-3579

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136 Regent ST Welland, ON L3B 4H8