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Maria Tompson
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Your Company Name, Brokerage
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sales@bestforagents.com
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$569,000
Available - For Sale
Listing ID: X11934972
ESTATE SALE. Vacant Legal Triplex Unlimited Potential. This is an exceptional opportunity for investors or owner-occupiers to maximize market rents with a vacant legal triplex. The property features three separate units, each with its own hydro meter, providing flexibility and strong income potential. The main floor unit is a spacious 3-bedroom with access to a full basement, making it an excellent choice for a family or an owner-occupier. The upper units consist of a 1-bedroom and a 2-bedroom apartment, both requiring significant renovations but offering excellent possibilities for rental income. Additional features include an oversized detached brick garage with hydro (30 amp/220 volt), perfect for storage, a workshop, or even additional rental income. The property also boasts a large backyard with a patio, ideal for entertaining & enjoyment, and two driveways, providing ample parking for residents and guests. This setup is perfect for an owner-occupier looking to live in the main unit while collecting rent from the upper units. The property is currently configured for the owner to cover property taxes, gas, and water expenses, with detailed financial information available in the attached spreadsheet. With your vision and effort, you can transform this property into a lucrative investment or a beautiful home. Please note, the property is being sold as is, where is. Don't miss this chance to unlock the potential of this unique offering! Quick Possession Available.
Price $569,000
Taxes: $3,128
Tax Type: Annual
Occupancy by: Vacant
Address: 202 NIAGARA St , Welland, L3C 1J7, Ontario
Postal Code: L3C 1J7
Province/State: Ontario
Legal Description: LT 41 PL 549-550 ; WELLAND
Lot Size: 66 x 99 (Feet)
Directions/Cross Streets: Woodlawn Road to Niagara Street
Zoning: RL2
Category: Accommodation
Building Percentage: Y
Total Area: 4,000
Total Area Code:  Sq Ft
Office/Appartment Area: 3000
Office/Appartment Area Code: Sq Ft
Area Influences: Public Transit   Rec Centre
Approximatly Age: 51-99
Business/Building Name: See attached expense statement
Taxes Expense: $3211
 Heat Expenses: $1774
 Hydro Expense:  $2280
Water Expense: $1626
Other Expenses: $602
Operating Expenses: $7213
Year Expenses: 2024
Expenses Actual/Estimated: $Act
Heat Type: Gas Forced Air Open
Central Air Conditioning: Y
Water: Municipal
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Down payment: $  
Interest Rate: %  
Amortization :  Years
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX GARDEN CITY REALTY INC, BROKERAGE

202 NIAGARA St , Welland, L3C 1J7, Ontario

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Maria Tompson
Sales Representative
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At a Glance:
Type: Com - Investment
Area: Niagara
Municipality: Welland
Neighbourhood: 769 - Prince Charles
Style:
Lot Size: 66.00 x 99.00(Feet)
Approximate Age: 51-99
Tax: $3,128
Maintenance Fee: $0
Beds:
Baths: 4
Garage: 0
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