26 ALBINA Street, Welland, Ontario L3C1P3
Listing courtesy of Rock Star Real Estate Inc..
- $499,900
- 3
- BD
- 3
- BA
- 1,586
- SqFt
- List Price
- $499,900
- MLS®
- 40824707
- Days on Market
- 89
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Single Family
- Bedrooms
- 3
- Bathrooms
- 3
- Living Area
- 1,586
- Subdivision
- 772 - Broadway
Property Description
Three Self-Contained Units Offering Strong Income Potential With An Added Opportunity To Acquire A Rare Severed Side Lot For Additional Future Development If Desired. This Property Is Ideal For Investors Looking To Expand Their Portfolio Or Buyers Seeking A House Hack Opportunity While Benefiting From Long-Term Upside. Unit 1 Is Located On The Front Ground Floor And Was Fully Renovated In 2020 With A Modern Kitchen, Updated Bathroom, And New Flooring, Currently Rented At $1,100/Month + 33% Utilities. Unit 2 Located On The Second Floor Was Refreshed In 2021 With Updated Flooring And Vanity And Is Currently Vacant, Providing An Excellent Opportunity To Set Market Rent Or Move In. Unit 3 The Rear Ground Floor Unit Provides Stable All-Inclusive Income At $1083.39/Month. Tenants Are Excellent And On Month-To-Month Leases, Offering Flexibility To Optimize Rents Over Time. Key Updates Include Shingles (2016), Windows, Electrical Wiring, And Portions Of The Plumbing. As An Added Bonus, A Separately Severed Side Lot Is Available With Concept Plans Showing Potential For A Triplex Or Sixplex Development, Creating A Unique Opportunity For Those Looking To Combine Immediate Cash Flow With Future Growth. (id:5764)
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Additional Information
- Ownership
- Freehold
- Garage
- Yes
- Subdivision
- 772 - Broadway
- Parking Spaces
- 2
- Cooling
- None
- Country
- Canada
- Sewer
- Municipal sewage system
- Heating
- Forced air
- Total Number Of Units
- 1
- Stories
- 2
