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Additional details
$ 679,900
Est. payment /mo
Active
428 THOROLD RD Welland, ON L3C 3W6
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 770 - West Welland
MLS Listing ID X13055178
Style 1 1/2 Storey
Bedrooms 5
Annual Tax Amount $3,360
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Turnkey Legal Triplex In The Heart Of Welland Offering Strong, Reliable Income And Exceptional Future Potential. Situated On A Rare 60 X 153 Ft Corner Lot, This Property Provides Ample Outdoor Space And Parking For Up To 10 Vehicles, A Highly Desirable Feature For Tenants And Long-Term Flexibility. This Well-Maintained Building Features Three Self-Contained Units, Each With Its Own Separate Hydro Meter And Private In-Suite Laundry, Allowing Tenants To Pay Their Own Electricity While Sharing Remaining Utilities (Gas And Water) On A Proportionate Basis. A Shared Front Foyer Serves The Main And Upper Units, While The Lower Unit Benefits From A Separate Rear Entrance For Added Privacy. Unit 1 Is Bright And Functional With A Spacious Living Area, Eat-In Kitchen, One Bedroom, Four-Piece Bath, And In-Suite Laundry (Vacant With Estimated Market Rent Of $1,400 + 30% Of Gas And Water). Unit 2 Spans The Main And Second Floor, Offering A Generous Layout With A Large Living Area, Oversized Kitchen With Ample Cabinetry, Two Bedrooms, And A Four-Piece Bath (Tenanted At $1,650 + 40% Of Gas And Water). The Lower Unit Features Two Bedrooms And A Fully Renovated Interior Including A Modern Kitchen, Updated Bathroom, New Flooring, Dedicated Dining Area, Spacious Living Room, And In-Suite Laundry (Vacant With Estimated Market Rent Of $1,575 + 30% Of Gas And Water). Extensive Upgrades Include Full Legalization In 2023 With A 200-Amp Electrical Panel, Upgraded 1-Inch Plumbing, And A Complete Renovation Of The Lower Unit. In 2026, The Upper Unit Was Further Improved With A New Kitchen, Doors, Baseboards, And Fresh Paint Throughout. Ideal For Investors Seeking A Low-Maintenance, High-Performing Asset Or Buyers Looking To Live In One Unit While Generating Significant Rental Income.
Location
Province ON
County Niagara
Area Niagara
Rooms
Family Room No
Basement Finished, Full
Kitchen 3
Interior
Interior Features Accessory Apartment, Sump Pump
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Double
Pool None
Waterfront Description None
Roof Type Metal
Lot Frontage 60.15
Lot Depth 152.89
Total Parking Spaces 10
Building
Building Age 31-50
Foundation Concrete
New Construction false
Others
ParcelsYN No
Listed by ROCK STAR REAL ESTATE INC.