23 Avenue Place Welland, Ontario L3B 4B2
$539,000
Legal Triplex! Located downtown Welland, a well maintained home and ready to be leased. The units are vacant and when rented it makes an exceptional cash flow positive investment. When it was rented in 2024, the property was grossing $56,700.00 annually and is now offered at a 7% cap rate. Unit 1 (2-beds) was renting for $1,750, Unit 2 (3-beds) for $1,650.00, and unit 3 (bachelor) for $1,300.00. Located just steps from the vibrant Welland Farmers' Market, Merritt Island Park, the Welland River, and the city's revitalized downtown core, this charming turn-of-the-century home is ideally located for convenience and lifestyle. Live in one unit while generating rental income from the others, or co-purchase with a partner to build equity together. The home has been well maintained and retains much of its original charm, while offering updated functionality. Updates: Electrical (2024), Bathroom Renovated 3rd floor (2025), New Appliances in 3rd floor (2025), Insulated 2nd floor ceiling to improve with sound from top floor (2025). Coined washer and dryer are not included but available for purchase if needed. Boiler has been serviced every year. Separate hydro and gas meters and three hot water heaters. This is a solid house and investment. (id:63008)
Property Details
| MLS® Number | 40785739 |
| Property Type | Multi-family |
| AmenitiesNearBy | Hospital, Marina, Park, Public Transit, Schools |
| EquipmentType | Water Heater |
| Features | Laundry- Coin Operated |
| ParkingSpaceTotal | 4 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 3 |
| BedroomsTotal | 5 |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| ConstructionMaterial | Wood Frame |
| CoolingType | None |
| ExteriorFinish | Brick, Wood |
| FoundationType | Block |
| StoriesTotal | 3 |
| SizeInterior | 2821 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Hospital, Marina, Park, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeDepth | 70 Ft |
| SizeFrontage | 40 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Dmc |
https://www.realtor.ca/real-estate/29069312/23-avenue-place-welland
Andi Pojani
Salesperson
775 Upper Wentworth Street
Hamilton, Ontario L9A 4V7
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November 05 2025 03:09:14
REALTORS® Association of Hamilton-Burlington
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