Property Information:

Excellent duplex opportunity in the heart of Welland! Whether you're an investor looking for steady cash flow or a first-time buyer hoping to offset your mortgage, this updated duplex checks all the boxes. The property currently generates $3,300/month in rental income, with reliable tenants. Both units offer modern updates, including refreshed kitchens, bathrooms, flooring, paint, and contemporary finishes throughout. Situated on a deep lot in a convenient location close to Welland County General Hospital, schools, parks, shopping, and everyday amenities. Photos were taken prior to the current tenants moving in. A fantastic opportunity to step into the market with an income-producing property in a growing Niagara community. Zoning allows short-term rentals. Main level unit to be vacant July 1st. (id:27)

Building Features:

Style: Multiplex
Building Type: Duplex
Basement Development: Finished
Basement Type: N/A, N/A, Full
Exterior Finish: Vinyl siding
Floor Space: 1100 - 1500 sqft
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: All

Property Features:

Property Type: Multi-family
Bedrooms: 2+2
Bathrooms: 3
Amenities Nearby: Public Transit, Hospital, Park, Schools
Features: Carpet Free
Fence Type:
Floor Space (approx): 1100 - 1500 Square Feet
Irregular: Yes
Lot Depth: 165 Feet
Lot Frontage: 40 Feet
Lot Size: 40 x 165 FT
Structure Type: Porch
Zoning: RM2
Sewer: Sanitary sewer
Parking Type: Detached garage, Garage, Tandem
No. of Parking Spaces: 4

Rooms:

Bathroom 2nd Level 3.58 m x 1.68 m
3rd Bedroom 2nd Level 3.23 m x 3.33 m
4th Bedroom 2nd Level 3.33 m x 2.74 m
Living 2nd Level 7.01 m x 3.05 m
Kitchen 2nd Level 3.58 m x 1.83 m
Bathroom Basement Level 2.74 m x 2.13 m
Primary Bedroom Basement Level 4.11 m x 4.01 m
2nd Bedroom Basement Level 2.84 m x 2.44 m
Bathroom Main Level 2.74 m x 2.13 m
Kitchen Main Level 4.27 m x 3.05 m
Dining Main Level 1.22 m x 3.05 m
Living Main Level 4.55 m x 2.84 m

Convert Measurement to:

Courtesy of: RE/MAX ESCARPMENT REALTY INC., BROKERAGE

More Detail

Less Detail

Demographic Information of 50 FIFTH STREET, Welland (Lincoln/Crowland), Ontario, L3B 4Z5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$78,700.60

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.65 %

High school certificate or equivalent

39.02 %

Apprenticeship trade certificate/diploma

7.56 %

College/non-university certificate

19.77 %

University Degree

7.99 %

Commuter

Travel To Work

By Car

81.71 %

By Public Transit

1.65 %

By Walking

3.1 %

By Bicycle

2.72 %

By Other Methods

10.82 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

31.46 %

Houses

68.54 %

50 FIFTH STREET, Welland (Lincoln/Crowland), Ontario, L3B 4Z5