Home with vinyl exterior material, building for 87 Ontario Rd, Welland Ontario L3B 5C3
Sold conditionally
30 days on Market

87 Ontario Rd, Welland, Ontario L3B 5C3

Townhouse
-
3
~1938 sqft
$624,900
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Townhouse
-
3
~1938 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$322/sqft

Est. Mortgage$2,684/mo

Tax Amount (2024)$3,882/yr

Days On Market30 days


Description

**Attention Investors** Fully renovated legal triplex in the heart of Welland, perfectly positioned amidst ongoing residential and commercial development. The property offers impressive rental income with over 55,000 annually. Each unit is equipped with separate meters for heat and hydro, ensuring hassle-free management and utility accountability for tenants. Strategically located, this triplex is in close proximity to essential amenities, making it highly attractive to prospective renters. The surrounding area is bustling with development, indicating promising growth and future value appreciation. Seize this incredible investment opportunity and secure a steady income stream with this well-situated, turnkey property.


Property Details

StyleResidential Income
View-
Age of property-
SqFt~1938 SqFt
Lot Size3,326 SqFt(92.4 x 36)
Parking Spaces3
MLS ®Number40703453
Community NameCordage
Data SourceITSO
Listing byCOLDWELL BANKER ADVANTAGE REAL ESTATE

Features

Heating: Electric
Cooling: Wall Unit(s)
Basement: Partial, Unfinished, Sump Pump

Features

Lot size: 3,326 SqFt
Sewer (Municipal)

Parking

Garage spaces 1

Garage type -

Other parking spaces 2

Total parking spaces 3


Property listed by COLDWELL BANKER ADVANTAGE REAL ESTATE, Brokerage
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Population and Demographics

Overview

Total population 5935
Average household income $84,653

Age (%)

50 to 64
22%
65 and plus
22%
20 to 34
20%
0 to 19
19%
35 to 49
18%

Household composition (%)

Single family
56%
Single person
39%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
81%
French
11%
Others
3%
English and French
2%
Italian
1%

House tenancy (%)

Owners
63%
Renters
37%

Schools and amenities

Estimated Budget