80 Mill St, Welland, Ontario L3C 4Y2

Detached
5
4
~2500-3000 sqft
$799,900
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Detached
5
4
~2500-3000 sqft

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Highlights

Property Estimate

Estimated valueNot available

Price/Sqft$293/sqft

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Description

PRIME RIVERFRONT INVESTMENT OPPORTUNITY! 80 Mill St, a rare and lucrative investment opportunity awaits with this triplex, strategically located in the heart of Welland. This property features (3) distinct rental units, making it an ideal choice for investors seeking immediate cash flow and long term growth potential. Situated on a generous .50 acre lot backing onto the Welland River, this triplex combines tranquillity of a country like setting with the convenience of urban amenities, ensuring strong tenant appeal and consistent rental demand. The main floor unit is a standout, having been updated to modern standards offering a spacious 3 bedroom, 2 bathroom layout, complete with a finished basement that adds valuable space. The two upper units, each featuring 1 bedroom and 1 bathroom, are currently tenanted, providing investors with immediate rental income. The property's exterior is equally impressive, with ample parking space to accommodate tenants. Location is a key highlight as the property is conveniently close to schools, grocery stores, shopping centres, restaurants, and recreational facilities. Proximity to major roadways also ensures easy commutes to surrounding areas. This property has lots of potential with its combination of immediate rental income from tenants in the upper units, a modernized main floor unit, and a large lot offering future value opportunities. This is a turnkey investment! Don't miss your chance to own this exceptional investment property!


Property Details

Style2-Storey
View-
Age of property-
SqFt~2500-3000 SqFt
Lot Size13,500 SqFt(270 x 50)
Parking Spaces10
MLS ®NumberX12312953
Community NameWest Main
Data SourceTRREB
Listing byThe Agency

Features

Heating: Forced Air
Cooling: Window Unit
Basement: Full, Part Fin

Features

Lot size: 13,500 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 10


Property listed by The Agency, Brokerage
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Market Data - West Main

Geo Zone Map ThumbnailWest Main

Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

18 days

Compared to

2024

15 days

2023

13 days

2022

35 days

New Listings

Past 30 days

1 listing

Compared to

2024

3 listings

2023

4 listings

2022

4 listings

Units sold

Past 30 days

1 unit

Compared to

2024

1 unit

2023

3 units

2022

1 unit

Median Sold Price

Past 30 days

$470,000

Compared to

2024

$600,000

2023

$450,000

2022

$422,000


Population and Demographics

Overview

Total population 1981
Average household income $85,572

Age (%)

0 to 19
21%
20 to 34
19%
35 to 49
17%
50 to 64
21%
65 and plus
22%

Household composition (%)

Single family
55%
Single person
41%
Multi person
3%
Multi family
0%

Mother tongue (%)

English
88%
French
5%
Others
3%
English and French
2%
Italian
1%

House tenancy (%)

Renters
55%
Owners
45%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget