Open concept kitchen, ceramic/tile floor for 225 Chaffey St, Welland Ontario L3B 2Y7
Re-listed 63 days ago

225 Chaffey St, Welland, Ontario L3B 2Y7

Other
-
2
~2064 sqft
$•••,•••
$599,900
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Other
-
2
~2064 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$290/sqft

Est. Mortgage$2,576/mo

Tax Amount (2024)$2,670/yr

Days On Market63 days

Total Days On Market99 days


Description

Investor Alert - Vacant Duplex with $40K+ NOI & Triplex Potential! Set your own rents and choose your tenants. This turnkey duplex in central Welland offers $40,000+ projected NOI and over $800/month cash flow, with separate utilities for both spacious 2-bed units. Basement with separate entrance and full ceiling height is primed for triplex conversion (waterproofed with sump pump). Parking for 34 vehicles. A strong, flexible asset in a high-demand rental market!


Property Details

StyleApartment
View-
Age of property51-99
SqFt~2064 SqFt
Lot Size5,000 SqFt(125 x 40)
Parking Spaces4
MLS ®NumberX12055019
Community NameOntario Road / Dain City
Data SourceTRREB
Listing byRock Star Real Estate Inc., Brokerage

Features

Heating: Gas Forced Air Open
Cooling: Y
Basement: Y

Features

Lot size: 5,000 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property listed by Rock Star Real Estate Inc., Brokerage, Brokerage
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Market Data - Ontario Road / Dain City

Geo Zone Map ThumbnailOntario Road / Dain City

Strong Buyer's Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

74 days

Compared to

2024

22 days

2023

48 days

2022

22 days

New Listings

Past 30 days

37 listings

Compared to

2024

28 listings

2023

21 listings

2022

20 listings

Units sold

Past 30 days

5 units

Compared to

2024

12 units

2023

5 units

2022

7 units

Median Sold Price

Past 30 days

$622,000

Compared to

2024

$587,500

2023

$575,000

2022

$707,000


Population and Demographics

Overview

Total population 4998
Average household income $91,200

Age (%)

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

Household composition (%)

Single family
66%
Single person
29%
Multi person
4%
Multi family
1%

Mother tongue (%)

English
84%
French
9%
Others
2%
English and French
2%
Spanish
1%
Italian
1%

House tenancy (%)

Owners
73%
Renters
27%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget