256 LINCOLN Street, Welland, Ontario L3B4N1
Listing courtesy of Real Broker Ontario Ltd..
- $1,049,900
- 3,028
- SqFt
- List Price
- $1,049,900
- Price Change
- ▼ $50,000 1788226234
- MLS®
- 40829972
- Days on Market
- 119
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Living Area
- 3,028
- Subdivision
- 773 - Lincoln/Crowland
Property Description
A turnkey, income generating property in the heart of Welland. This exceptionally well maintained, 5-unit residential apartment building sits in a highly desirable central location, offering strong rental appeal and long-term value, with significant recent capital improvements including a new hot water heating system (2024), newer vinyl thermo windows 2018, and with on-site laundry for all tenants. Most units feature updated flooring and fresh paint, while the exterior stucco 2021 is in excellent condition reflecting the pride of ownership. Tenants benefit from an unbeatable location within walking distance to a major shopping plaza on Lincoln St., two elementary schools, the scenic Welland Canal walking and cycling paths, and vibrant downtown amenities. This property is also serviced by the Niagara Region wide bus route, making it attractive to a broad tenant base. Additional highlights include separate hydro meters, on site parking, and a double car garage at the rear of the property with the potential to generate an additional $1,200 annually by renting out half the garage space. Currently tenanted by quality, reliable residents, this solid and centrally located multi-unit investment asset represents a rare find in one of Niagara's growing communities. (id:5764)
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Additional Information
- Ownership
- Freehold
- Garage
- Yes
- Subdivision
- 773 - Lincoln/Crowland
- Parking Spaces
- 9
- Construction Materials
- Wood frame, Concrete block, Concrete Walls
- Country
- Canada
- Sewer
- Municipal sewage system
- Community Features
- School Bus
- Heating
- Forced air, Natural gas
- Lot Features
- Southern exposure, Paved driveway, Laundry- Coin operated
- Stories
- 2
