27 PARK Street
Welland, Ontario
MLS® 40877727
$599,999
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 40877727
- Bedrooms
- 7
- Bathrooms
- 3
- Year built
- 1900
Listing description
Cash-flowing legal triplex in Downtown Welland generating over $4,500/month in operating income, offering 2,390 sq ft above grade on a 58 x 145 ft lot. Perfect for hands-on investors or owner-occupiers looking to live in one unit and let rental income supplement the mortgage. Total layout comprises 7 bedrooms, 3 kitchens, 3 full bathrooms, and separate hydro meters.
Currently configured with one main-floor unit tenanted, two units vacant (ideal for setting current market rents or moving in), and a detached 2-car garage currently rented for storage - offering potential for an ADU/garden suite conversion. Private double driveway provides 6 total parking spaces. Highly walkable location steps to King Street transit, Merritt Park, the Welland Recreational Waterway trails, and the Community Wellness Complex.
Minutes to Niagara Health Welland Hospital, shopping, and dining. Exceptional value with reliable cash flow and future expansion upside.
Property summary
- MLS® number
- 40877727
- Property type
- Multi-family
- Building type
- Triplex
- Size
- 2,390 sq ft
- Title
- Freehold
- Built in
- 1900
- Annual property taxes
- $2,314.00
- Parking
- 6 spaces · Detached Garage
- Days on market
- 0 days
Features & details
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Basement
- Unfinished, Partial
- Exterior features
- Stucco
What would this home cost you?
Based on the $599,999 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of a participating MLS® brokerage.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.