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Royal LePage
Royal LePage
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$774,900

Welland ON, L3C 4Y2

MLS® # 40755221

Property Information:

PRIME RIVERFRONT INVESTMENT OPPORTUNITY! 80 Mill St, a rare and lucrative investment opportunity awaits with this triplex, strategically located in the heart of Welland. This property features (3) distinct rental units, making it an ideal choice for investors seeking immediate cash flow and long term growth potential. Situated on a generous .50 acre lot backing onto the Welland River, this triplex combines tranquillity of a country like setting with the convenience of urban amenities, ensuring strong tenant appeal and consistent rental demand. The main floor unit is a standout, having been updated to modern standards offering a spacious 3 bedroom, 2 bathroom layout, complete with a finished basement that adds valuable space. The two upper units, each featuring 1 bedroom and 1 bathroom, are currently tenanted, providing investors with immediate rental income. The property's exterior is equally impressive, with ample parking space to accommodate tenants. Location is a key highlight as the property is conveniently close to schools, grocery stores, shopping centres, restaurants, and recreational facilities. Proximity to major roadways also ensures easy commutes to surrounding areas. This property has lots of potential with its combination of immediate rental income from tenants in the upper units, a modernized main floor unit, and a large lot offering future value opportunities. This is a turnkey investment! Don't miss your chance to own this exceptional investment property!

Inclusions: Other,3 Fridges & 3 Stoves.

Building Features:

  • Floor Space: 2928 Square Feet

Property Features:

  • Bedrooms: 5
  • Acres Range: < 0.5
  • Basement: Full, Partially Finished, Sump Pump
  • Construction Materials: Metal/Steel Siding, Vinyl Siding
  • Cooling: Other
  • Docking Type: None
  • Driveway Parking: Private Drive Double Wide
  • Floor Space (approx): 2928 Square Feet
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Other
  • Lot Depth: 270 Feet
  • Lot Features: Ample Parking, Cul-De-Sac, Greenbelt, Quiet Area
  • Lot Frontage: 50.00 Feet
  • Other Structures: Shed(s)
  • Parking Features: Asphalt
  • Road Frontage Type: Public Road
  • Roof: Asphalt Shing, Flat
  • Water Source: Municipal
  • Waterfront Features: River, North, River Front
  • Zoning: RL2 EPA
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 10

Courtesy of: THE AGENCY

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Location of 80 Mill Street, Welland, ON, L3C 4Y2

Demographic Information of 80 Mill Street, Welland, ON, L3C 4Y2

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$92,153.10

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.41 %

High school certificate or equivalent

34.44 %

Apprenticeship trade certificate/diploma

7.08 %

College/non-university certificate

27.43 %

University certificate (below bachelor)

0.65 %

University Degree

16.0 %

Commuter

Travel To Work

By Car

89.33 %

By Public Transit

0.01 %

By Walking

5.85 %

By Bicycle

0.62 %

By Other Methods

4.19 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

38.27 %

Houses

61.73 %

Own Vs. Rent

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