27 Park Street, Welland, Ontario L3B 4M3

Listed for:
$599,999
7 beds
3 baths
Listed 3 days ago
Triplex for rent: 27 Park Street, Welland, Ontario L3B 4M3

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About

KING STREET TO PARK STREET Cash-flowing legal triplex in Downtown Welland generating over $4,500/month in operating income, offering 2,390 sq ft above grade on a 58 x 145 ft lot. Perfect for hands-on investors or owner-occupiers looking to live in one unit and let rental income supplement the mortgage. Total layout comprises 7 bedrooms, 3 kitchens, 3 full bathrooms, and separate hydro meters. Currently configured with one main-floor unit tenanted, two units vacant (ideal for setting current market rents or moving in), and a detached 2-car garage currently rented for storage - offering potential for an ADU/garden suite conversion. Private double driveway provides 6 total parking spaces. Highly walkable location steps to King Street transit, Merritt Park, the Welland Recreational Waterway trails, and the Community Wellness Complex. Minutes to Niagara Health Welland Hospital, shopping, and dining. Exceptional value with reliable cash flow and future expansion upside. (id:27476)

Property Highlights

MLS® Number
40877727
Type
Multi-family
Ownership Type
Freehold
Land Size
under 1/2 acre
Parking Space Total
6

Building

Building Type
Triplex
Storeys
2.00
Square Footage
2390 sqft
Bathrooms Total
3
Bedrooms Total
7
Amenities
Park, Place of Worship, Public Transit, Schools
Exterior Finish
Stucco
Fireplace Present
No
Basement Type
Partial (Unfinished)
Basement Features
Building Heating Type
Baseboard heaters
Heating Fuel
Electric
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location

Learn more about this property
Listing provided by:
RE/MAX Escarpment Realty Inc.
MLS® number:
40877727
Agent:
Kayla Smith
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