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Sherwin Mamaradlo

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

$ 629,900

Est. payment -/mo

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Active

428 THOROLD Road Welland, ON L3C3W6

5 Beds

3 Baths

1,450 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1450

Square Footage 1,450 sqft

Price per Sqft $434

Subdivision 767 - N. Welland

MLS® Listing ID 40839756

Bedrooms 5

Year Built 1948

Property Sub-Type Freehold

Property Description

Turnkey LEGAL TRIPLEX in the heart of Welland delivering strong, reliable income. Situated on an exceptional 60 x 153 ft corner lot, this property offers rare outdoor space and the potential for up to 10-car parking, ideal for tenants and future flexibility. This well maintained building features three self-contained units, each with separate hydro meters and private in-suite laundry, a highly desirable setup for both investors and end-users. A shared front foyer provides access to the main and upper units, while the lower unit enjoys a separate rear entrance for added privacy. A sump pump has also been installed for added peace of mind. **UNIT 1 is bright featuring a comfortable living space, eat-in kitchen, one bedroom, four-piece bath, and its own laundry (Tenanted $1,350 + 20%)). **UNIT 2 offers both main floor and 2nd floor living, a spacious layout with a large living area, oversized kitchen with ample cabinetry, two bedrooms, and a four-piece bathroom (Tenanted $1,650 + 40% utilities). **The LOWER UNIT 3 is a 2 bed room, fully finished with a newer kitchen, updated bathroom, and modern flooring, offering a large living area, dedicated dining space, and in-suite laundry (Currently Vacant market rent $1,575 + 30% utilities). Ideal for investors seeking a low-maintenance asset with strong cash flow, or buyers looking to live in one unit while generating rental income. Extensive upgrades include full legalization of Triplex in 2023 with a 200-amp electrical panel, upgraded 1 plumbing, and complete renovation of the lower unit (kitchen, bath, flooring, paint, fixtures). In 2026, the upper unit was further improved with a new kitchen, doors, baseboards, and fresh paint throughout. (id:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 9'2'' x 7'5'' 4pc Bathroom

Extra Room 2 Second level 14'6'' x 10'11'' Bedroom

Extra Room 3 Second level 14'2'' x 6'4'' Bedroom

Extra Room 4 Basement 10'3'' x 11'10'' Bedroom

Extra Room 5 Basement 12'2'' x 7'4'' Bedroom

Extra Room 6 Basement 18'8'' x 12'11'' Living room

Interior

Heating Forced air,

Cooling Central air conditioning

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 10

Garage No

Private Pool No

Building

Story 1.5

Sewer Sanitary sewer

Others

Ownership Freehold

Listed by Rock Star Real Estate Inc.

HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Sherwin Mamaradlo

428 THOROLD Road Welland, ON L3C3W6

Key Details

Location

Rooms

Interior

Exterior

Building

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