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Royal LePage
Royal LePage
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$899,900

Welland (Lincoln/Crowland) ON, L3B 1X7

MLS® # X12471266

Property Information:

All-brick 2-storey multi-residential building in the heart of Welland! This solid investment property features four fully finished 2-bedroom, 1-bathroom units, plus a full basement with two additional units that are approximately 75% complete. With proper city approvals and permits, the building can be completed as a legal 6-unit property, offering excellent value-add potential. Major updates have already been taken care of, including a brand-new tankless boiler system, upgraded main electrical wiring, and a full sprinkler system with alarm. A recent fire inspection and approved fire plan ensure compliance with current safety standards and reduce future risk. A detached double garage provides the option for additional income or secure storage. Located near schools, shopping, and public transit, this is the perfect opportunity for investors seeking both strong rental income and future growth potential in a desirable area of Welland. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 3328 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Multi-family
  • Floor Space (approx): 3328 Square Feet
  • Irregular: Yes
  • Lot Depth: 119.0 Feet
  • Lot Frontage: 45.0 Feet
  • Lot Size: 45 x 119 FT
  • Zoning: RL1

Courtesy of: COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 366 CROWLAND AVENUE, Welland (Lincoln/Crowland), Ontario, L3B 1X7

Demographic Information of 366 CROWLAND AVENUE, Welland (Lincoln/Crowland), Ontario, L3B 1X7

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$71,538.90

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.49 %

High school certificate or equivalent

38.24 %

Apprenticeship trade certificate/diploma

8.43 %

College/non-university certificate

20.86 %

University Degree

7.99 %

Commuter

Travel To Work

By Car

88.74 %

By Public Transit

0.5 %

By Walking

6.6 %

By Bicycle

0.0 %

By Other Methods

4.16 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

41.98 %

Houses

58.02 %

Own Vs. Rent

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