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Royal LePage
Royal LePage
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$699,900

Welland (Lincoln/Crowland) ON, L3B 1L8

MLS® # X12539904

Property Information:

Turn key money maker!!! Solid and meticulously maintained 5 unit building located in fabulous neighbourhood close to park, public transit & shops + quick, convenient highway access. Fully occupied w/ NOI of 54,236.62 & Cap Rate near 8% / year with great upside for future rents. ( Unit #1 ( 2 bedroom ) $1488.66 , Unit #2 ( 1 bedroom ) $750.00, Unit #3 ( 1 bedroom ) $942.58, Unit #4 ( 1 bedroom ) $1350.00, Unit #5 ( 1 bedroom ) $1383.75. Units are super clean - building has newer 40yr roof (2018), newer furnace (2021), updated cooper and ABS plumbing & electrical ( 200amp ), replacement windows (2019) & freshly painted stucco exterior. Updates within the units include; newer vinyl plank flooring, 3 have new kitchens & minor update work in the baths ( Unit #2 bath is brand new ). All units have have excellent layouts + street parking permitted. Lower level is set up for future coin op laundry. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Basement Development: Partially finished
  • Basement Type: N/A, N/A, N/A, N/A
  • Exterior Finish: Stucco
  • Fire Protection: Smoke Detectors
  • Floor Space: 2000 - 2500 sqft
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Water meter, Stove, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 6
  • Bathrooms: 5
  • Floor Space (approx): 2000 - 2500 Square Feet
  • Irregular: Yes
  • Lot Depth: 100.0 Feet
  • Lot Frontage: 45.1 Feet
  • Lot Size: 45.1 x 100 FT
  • Zoning: RL1
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 3

Courtesy of: COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE

REALTOR.ca  

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Location of 51 LYONS AVENUE, Welland (Lincoln/Crowland), Ontario, L3B 1L8

Demographic Information of 51 LYONS AVENUE, Welland (Lincoln/Crowland), Ontario, L3B 1L8

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$89,795.62

Average Number of Children

1.67

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.29 %

High school certificate or equivalent

33.54 %

Apprenticeship trade certificate/diploma

9.08 %

College/non-university certificate

27.16 %

University Degree

7.93 %

Commuter

Travel To Work

By Car

90.56 %

By Public Transit

1.6 %

By Walking

0.92 %

By Bicycle

0.0 %

By Other Methods

6.92 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

26.9 %

Houses

73.1 %

Own Vs. Rent

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