$586,000
$624,900
6.2%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
SOLD DATE : 04/04/2025
Key Details
Sold Price $586,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X12000196
Sold Date 04/04/25
Style 2-Storey
Bedrooms 5
Annual Tax Amount $3,882
Tax Year 2024
Property Sub-Type Triplex
Property Description
**Attention Investors** Fully renovated legal triplex in the heart of Welland, perfectly positioned amidst ongoing residential and commercial development. The property offers impressive rental income with over 55,000 annually. Each unit is equipped with separate meters for heat and hydro, ensuring hassle-free management and utility accountability for tenants. Strategically located, this triplex is in close proximity to essential amenities, making it highly attractive to prospective renters. The surrounding area is bustling with development, indicating promising growth and future value appreciation. Seize this incredible investment opportunity and secure a steady income stream with this well-situated, turnkey property.
Location
Province ON
County Niagara
Community 773 - Lincoln/Crowland
Area Niagara
Zoning INSH
Rooms
Family Room No
Basement Unfinished, Partial Basement
Kitchen 3
Interior
Interior Features Separate Heating Controls, Sump Pump
Cooling Wall Unit(s)
Exterior
Parking Features Private Double
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 36.0
Lot Depth 92.4
Total Parking Spaces 3
Building
Foundation Poured Concrete
Others
Senior Community Yes
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7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN