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Additional details
$ 425,000
Est. payment /mo
Price Dropped by $25K
136 Regent ST Welland, ON L3B 4H8
3 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 768 - Welland Downtown
MLS Listing ID X13524072
Style 1 1/2 Storey
Bedrooms 3
Annual Tax Amount $2,556
Tax Year 2026
Property Sub-Type Duplex
Property Description
Attention investors and savvy buyers! This separate metered duplex in the heart of downtown Welland offers strong rental income and excellent long-term potential. Ideally located just steps to the Welland Farmers' Market, restaurants, shopping, parks, schools and public transit, this property combines convenience with cash flow. The front unit features 2 spacious bedrooms and rents for $1,409/month, while the rear unit offers 1 bedroom plus a den/home office and rents for $1,178/month, generating a gross annual income of $31,044. Based on the current income and operating expenses, the property offers an approximate 5.4% cap rate. Separate hydro and gas meters help reduce operating expenses, making this an attractive investment. The unfinished basement provides laundry and additional storage space. Situated on a 33 x 132 ft lot, the front tenant enjoys exclusive use of the covered front porch while the rear tenant has access to the private backyard. Whether you're looking to expand your investment portfolio, live in one unit while offsetting your mortgage with rental income, or add a duplex to your holdings, this property is an opportunity you won't want to miss. Approximate cap rate is based on current rental income and annual operating expenses as provided by the Seller.
Location
Province ON
County Niagara
Area Niagara
Rooms
Family Room No
Basement Unfinished
Kitchen 2
Interior
Interior Features Water Heater Owned
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Porch
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 34.33
Lot Depth 130.39
Total Parking Spaces 2
Building
Building Age 100+
Unit Features Library,Hospital,Public Transit
Foundation Concrete Block
Others
ParcelsYN No
Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE