Basics
- Date added: Added 3 years ago
- Bedrooms: 5
- Bathrooms: 3
Description
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Description:
Located on a large lot in the heart of Welland, sits this 5 bedroom, 3 bathroom, legal triplex. This property is in walking distance to downtown Welland, shops, schools, parks and Welland River!! This property has 1 vacant unit that requires cosmetic updating, and the other 2 units are being rented out. The main floor units are both 1 bedroom with 1 full bathroom and the second floor unit is 3 bedrooms with 1 full bathroom. Both unit 2 and unit 3 offer updates in the kitchen and bathroom, new flooring, and fresh paint. The workshop/garage was previously rented separately for $1000/month, creating additional rental income. The garage fits 2 cars, features 60 AMP service and a wood burning fireplace, making it usable year-round. Don’t miss out on this fantastic multi-unit property!! We are selling our assignable purchase contract.
Closing is March 2nd, 2023
*As per our APS, the Buyer agrees to assume the tenant of unit 2 at the current monthly rate of $1200/month + hydro.***As per our APS, the Buyer agrees to assume the tenant of unit 3 at the current monthly rate of $1600/month + hydro.**
Show all descriptionPROPERTY FEATURES- Triplex
- 2-storeys
- 5 bedrooms
- 3 full bathrooms
- Built in 1900 (as per MPAC)
- Above grade: 2146 sq ft (as per MPAC)
- Unfinished basement: 486 sq ft (as per MPAC)
- Separate entrances:
- Front door opens to unit 1
- Side door located at the back of the property opens to unit 2
- Side door opens upstairs to unit 3
- All appliances will be included
- Unit 1 and unit 2 each have a separate 60 AMP breaker panel
- Unit 3 has a separate 100 AMP breaker panel
- Gas furnace is not currently hooked up, and all units have been switched to electric baseboard heating (as per Seller)
- HWT is rented, and is from 2023 (as per Seller)
- All windows on the second floor were replaced 2-years-ago (as per Seller)
- The main floor windows are older (as per Seller)
- Roof is 21-years-old with discontinued shingles (as per Seller, Buyer to verify)
- We recommend replacing the roof
- Stone foundation
- Fenced-in, deep lot
- 2-car, detached garage/workshop
- Garage was previously used as a workshop, and was rented out for $1000/month (as per Seller)
- Garage features a wood burning fireplace and 60 AMP breaker panel
- Vacant possession
- Driveway can accommodate 4 cars (as per Seller)
- 4 hydro meters
- 1 meter covers the HWT, furnace and garage, which the Landlord pays (as per Seller)
- 3 other meters cover each unit, which the Tenants pay (as per Seller)
- On municipal services
- Lot size: 58.04 ft x 145.51 ft (as per MPAC)
- Zoning: RL2 (as per THIS zoning map, Buyer to verify)
UNIT BREAKDOWN
(Buyer to verify all information)Unit 1 (Front of Main Floor):
- 1 bedroom
- 1 full bathroom
- Kitchen
- Living room
- Laundry hookup located in the basement
- Vacant
Unit 2 (Back of Main Floor):
- Currently rented month-to-month for $1200/month + hydro (as per Seller)
- 1 bedroom
- 1 full bathroom
- Kitchen
- Living room
Unit 3 (Second floor):
- Currently rented month-to-month for $1600/month + hydro (as per Seller)
- 3 bedrooms
- 1 full bathroom
- Kitchen
- Living room
- In-suite laundry
PROPERTY NEEDS
- Cosmetic updating
- Recommend replacing the roof
Please click HERE for more pictures and information.
Ask Us About This Property
This style property is located in is currently and has been listed on Bliss. This property is listed at $460,000. It has 5 beds bedrooms, 3 baths bathrooms, and is . The property was built in year.
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