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Sherwin Mamaradlo

sherwin.mamaradlo@engelvoelkers.com +1(289) 501-4710

$ 674,900

Est. payment -/mo

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Active Under Contract

123 Dain AVE Welland, ON L3B 3E5

6 Beds

3 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active Under Contract

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision 773 - Lincoln/Crowland

MLS Listing ID X13129898

Style 2-Storey

Bedrooms 6

Annual Tax Amount $2,605

Tax Year 2025

Property Sub-Type Duplex

Property Description

Fully tenanted triplex, turnkey, with immediate cashflow available and 7.32% cap rate. This is an excellent investment opportunity with 3 newly renovated units in great condition with great tenants, paying current market rent. Over $100K in renovations completed at the property, with a newly finished basement, new kitchens, appliances, windows, hot water tank, and more. No expenses spared to create and sustain this well-operating multi-unit property. Each unit is equipped with a full kitchen and appliances (fridge and stove) all newly renovated within the last 5yrs. Each unit has their own laundry appliances - great value add for tenants. Two separate backyards - Main floor tenant enjoys fully fenced yard with a private back deck and garden shed. Upper tenant enjoys their own separate fully fenced yard with a garden shed. 4 parking spots available on the driveway. Basement is fully waterproofed under warranty & new main drain. 3 Separate Hydro Meters with Separate Breaker Panels. 2 Hot Water Tanks. 2 Furnaces. Tenants paying all utilities except water. Excellent location, walking distance to shops, restaurants, library, schools, parks, gym, and more. Public transit stop nearby. School bus route as well. This property checks all the boxes for investors & tenants. Start earning income and watch your asset appreciate in value without lifting a finger, the work has already been completed. Incomes, expenses, leases, and full property details available.

Location

Province ON

County Niagara

Area Niagara

Rooms

Family Room No

Basement Full, Separate Entrance

Kitchen 3

Separate Den/Office 1

Interior

Interior Features In-Law Suite, Primary Bedroom - Main Floor, Sump Pump, Separate Heating Controls, Water Heater Owned

Heating Yes

Cooling Window Unit(s)

Fireplace No

Heat Source Gas

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Rolled

Lot Frontage 40.0

Lot Depth 118.7

Total Parking Spaces 3

Building

Building Age 100+

Unit Features Fenced Yard,Hospital,Park,Place Of Worship,Public Transit,School

Foundation Concrete Block

Others

ParcelsYN No

Listed by COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE

HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Sherwin Mamaradlo

123 Dain AVE Welland, ON L3B 3E5

Key Details

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Interior

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