Property Information:

Newly built Tri-plex! 3 x 2 bedroom units. A multi-residential investment property located at 40 & 46 Pietz Ave in Welland, completed in early 2025 the reputable local builder - Silvergate Homes. This turnkey asset features three well-designed 2-bedroom, 1-bathroom units, each with its own private entrance for enhanced tenant privacy. Each unit is thoughtfully finished with modern open-concept layouts, spacious kitchens and living areas, ample storage, and full bathrooms with tubs. Each tenant benefits from in-suite laundry with new washer and dryers, plus individual HVAC systems for independent comfort and efficiency. In total, the property offers approximately 2,939 sq ft of clean, functional, low-maintenance living space. Located on a quiet street just off Broadway St., in Welland’s South West end, the property provides excellent access to local parks, schools, transit, shopping, dining, and quick highway connections via HWY 58 and 406. Its location continues to attract strong, stable tenant demand from families, professionals, and tradespeople—further supported by proximity to Niagara College and ongoing regional growth. With brand-new in 2024 construction, investors benefit from minimal maintenance, reduced capital costs, and strong rental potential in one of Niagara’s most promising markets. These properties can be purchased separately or together 40 and 46 Pietz Ave Welland. (id:27)

Building Features:

Style: Triplex
Building Type: Triplex
Basement Development: Finished
Basement Type: Full
Construction Material: Wood frame
Exterior Finish: Concrete, Stone, Vinyl siding, Wood
Floor Space: 2939 sqft
Foundation Type: Poured Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Amenities Nearby: Hospital, Park, Playground, Public Transit, Schools
Built in: 2024
Community Features: School Bus
Features: Crushed stone driveway, Sump Pump
Floor Space (approx): 2939 Square Feet
Lot Depth: 102 Feet
Lot Frontage: 36 Feet
Structure Type: Porch
Zoning: RL2
Sewer: Municipal sewage system
Parking Type: Attached garage, Open
No. of Parking Spaces: 3

Courtesy of: Real Broker Ontario Ltd.

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Demographic Information of 46 PIETZ Avenue, Welland, Ontario, L3C 1Z4

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$97,476.30

Average Number of Children

1.68

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.4 %

High school certificate or equivalent

37.9 %

Apprenticeship trade certificate/diploma

6.95 %

College/non-university certificate

26.6 %

University Degree

8.15 %

Commuter

Travel To Work

By Car

94.42 %

By Public Transit

0.39 %

By Walking

1.03 %

By Bicycle

0.0 %

By Other Methods

4.16 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

9.8 %

Houses

90.2 %

46 PIETZ Avenue, Welland, Ontario, L3C 1Z4