$674,900 FOR SALE

Triplex Multi-Unit

Lot: 45 x 100 ftTotal Area: 1,523 ft2

301 Wallace Avenue S
Welland, ON L3B 1R8

3-Unit property recently renovated and fully leased. The property is grossing $4200 a month. Can provide financials upon request. You won't find a property in the area that is grossing this much per month in rental income for the price. All units are separately metered so tenants pay their own hydro. All appliances are electric so the usage is billed to the Tenants hydro bill which they pay for. Leases still have a healthy term left. Great tenants, haven't missed rent and pay on time. (id:47423)

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Listed By RE/MAX Escarpment Realty Inc
Data Provided By REALTORS® Association of Hamilton-Burlington
MLS® Listing Number H4189233
Last Updated Apr 29, 2024
Property Summary
Property Type Triplex

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Use Residential
Price History
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Detailed Information
Lot 45 x 100 ft
Total Area 1,523 ft2
Equipment Water Heater
Features Paved driveway
Listing Contract Date 2024-03-29
Location Description URBAN
# of Parking Spaces 3
Property Type Multi-family
Rental Equipment Water Heater
Transaction Type For sale
Business
Business Type Residential
Business Subtype Residential
Building
Architectural Style 2 Level, Multi-Unit
Basement Development Finished
Basement Type Full (Finished)
Construction Style (Attachment) Detached
Cooling Type Central air conditioning
Exterior Finish Aluminum siding
Fire Protection Fire alarm system
Foundation Type Block
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 2
Size (Exterior) 1523 square feet
Type Triplex
Utility Water Municipal water
Parking Spaces
Name Spaces
No Garage
Land
Total Size 45 x 100 | under 1/2 acre
Sewer Municipal sewage system
Size of Irregular Land 45 x 100

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