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CAONWelland23 Av Place
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23 Av Place, Welland, ON

Real Estate

Sold

$X
$539,000

534

MLS® 40785739

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2821 sqft
Garage Yes
Taxes $3,121
Lot Size 
Approx. Age 
Avg. Price Per Sqft $191
MLS® Number 40785739

Property Address: 23 Av Place, Welland, ON, L3B4B2

Average square foot calculated using Size range provided by listing agent.

Description

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: Main Floor 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.Show Description
MLS® Number40785739
Laundry LevelCoin Operated
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementSeparate Entrance, Full, Unfinished
DrivewayDetached Garage
Garage Spaces1
Heat
A/C
Heating Fuel

Extras

Carbon Monoxide Detector, 3 X Refrigerators, 3 X Stoves, 3 X Fire Extinguishers: All Appliances In "as Is" Condition

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Destination Address
23 Av Place, Welland, ON

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