23 Avenue Place Welland, Ontario L3B 4B2
$539,000
Legal Triplex! Located downtown Welland, a well maintained home and ready to be leased. The units are vacant and when rented it makes an exceptional cash flow positive investment. When it was rented in 2024, the property was grossing $56,700.00 annually and is now offered at a 7% cap rate. Unit 1 (2-beds) was renting for $1,750, Unit 2 (3-beds) for $1,650.00, and unit 3 (bachelor) for $1,300.00. Located just steps from the vibrant Welland Farmers' Market, Merritt Island Park, the Welland River, and the city's revitalized downtown core, this charming turn-of-the-century home is ideally located for convenience and lifestyle. Live in one unit while generating rental income from the others, or co-purchase with a partner to build equity together. The home has been well maintained and retains much of its original charm, while offering updated functionality. Updates: Electrical (2024), Bathroom Renovated 3rd floor (2025), New Appliances in 3rd floor (2025), Insulated 2nd floor ceiling to improve with sound from top floor (2025). Coined washer and dryer are not included but available for purchase if needed. Boiler has been serviced every year. Separate hydro and gas meters and three hot water heaters. This is a solid house and investment. (id:37788)
Property Details
| MLS® Number | 40774749 |
| Property Type | Single Family |
| Amenities Near By | Park, Public Transit, Shopping |
| Equipment Type | Water Heater |
| Features | Laundry- Coin Operated |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Appliances | Refrigerator, Stove, Gas Stove(s) |
| Basement Type | None |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Fireplace Type | Other - See Remarks |
| Foundation Type | Block |
| Stories Total | 3 |
| Size Interior | 2821 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Park, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 70 Ft |
| Size Frontage | 40 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Dmc |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Sunroom | 10'6'' x 6'11'' | ||
| Second Level | 3pc Bathroom | 5'5'' x 6'8'' | ||
| Second Level | Bedroom | 10'9'' x 11'10'' | ||
| Second Level | Bedroom | 11'3'' x 11'10'' | ||
| Second Level | Bedroom | 10'7'' x 14'3'' | ||
| Second Level | Kitchen | 9'2'' x 6'1'' | ||
| Second Level | Living Room | 12'10'' x 10'5'' | ||
| Third Level | Loft | 13'4'' x 22'0'' | ||
| Third Level | 3pc Bathroom | 7'6'' x 7'4'' | ||
| Third Level | Kitchen | 11'11'' x 6'10'' | ||
| Main Level | Sunroom | 12'6'' x 7'5'' | ||
| Main Level | 4pc Bathroom | 5'4'' x 12'9'' | ||
| Main Level | Bedroom | 7'9'' x 12'10'' | ||
| Main Level | Bedroom | 11'1'' x 12'9'' | ||
| Main Level | Kitchen | 13'9'' x 9'6'' | ||
| Main Level | Dining Room | 14'7'' x 13'2'' | ||
| Main Level | Living Room | 13'5'' x 14'5'' |
https://www.realtor.ca/real-estate/29069324/23-avenue-place-welland
318 Dundurn Street S. Unit 1b
Hamilton, Ontario L8P 4L6
(905) 522-1110
https://www.cbcommunityprofessionals.ca/
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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 05 2025 03:10:38
REALTORS® Association of Hamilton-Burlington
Coldwell Banker Community Professionals