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Caroline Marshall

carolinesellsmuskoka@gmail.com +1(705) 388-1792

$ 499,900

Est. payment -/mo

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Active

26 Albina ST Welland, ON L3C 1P3

3 Beds

3 Baths

1,586 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 1,586 sqft

Price per Sqft $315

MLS Listing ID 40824702

Bedrooms 3

Abv Grd Liv Area 1,586

Annual Tax Amount $2,700

Property Sub-Type Multi-3 Unit

Source Cornerstone

Property Description

Three Self-Contained Units Offering Strong Income Potential With An Added Opportunity To Acquire A Rare Severed Side Lot For Additional Future Development If Desired. This Property Is Ideal For Investors Looking To Expand Their Portfolio Or Buyers Seeking A House Hack Opportunity While Benefiting From Long-Term Upside. Unit 1 Is Located On The Front Ground Floor And Was Fully Renovated In 2020 With A Modern Kitchen, Updated Bathroom, And New Flooring, Currently Rented At $1,100/Month + 33% Utilities. Unit 2 Located On The Second Floor Was Refreshed In 2021 With Updated Flooring And Vanity And Is Currently Vacant, Providing An Excellent Opportunity To Set Market Rent Or Move In. Unit 3 The Rear Ground Floor Unit Provides Stable All-Inclusive Income At $1,100/Month. Tenants Are Excellent And On Month-To-Month Leases, Offering Flexibility To Optimize Rents Over Time. Key Updates Include Shingles (2016), Windows, Electrical Wiring, And Portions Of The Plumbing. As An Added Bonus, A Separately Severed Side Lot Is Available With Concept Plans Showing Potential For A Triplex Or Sixplex Development, Creating A Unique Opportunity For Those Looking To Combine Immediate Cash Flow With Future Growth.

Location

Province ON

County Niagara

Area Welland

Zoning RM1

Direction Off of West Main, between Franklin and Frazer

Rooms

Basement Full, Unfinished

Kitchen 0

Interior

Interior Features Accessory Apartment

Heating Forced Air

Cooling None

Fireplace No

Appliance Dryer, Refrigerator, Stove, Washer

Laundry None

Exterior

Parking Features Detached Garage

Garage Spaces 1.0

Roof Type Asphalt Shing

Lot Frontage 39.97

Lot Depth 99.41

Garage Yes

Building

Lot Description Rectangular, City Lot

Faces Off of West Main, between Franklin and Frazer

Story 2

Foundation Concrete Block

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Stucco

New Construction No

Others

Senior Community false

Tax ID 641040210

Ownership Freehold/None

Listed by Rock Star Real Estate Inc.

NEARBY SCHOOLS & PROPERTIES

Caroline Marshall

+1(705) 388-1792

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