240-242 EAST MAIN STREET
Welland (Welland Downtown), Ontario
MLS® X13639556
$1,399,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13639556
- Bedrooms
- 3
- Bathrooms
- —
- Year built
- —
1 / 2Listing description
242 East Main Street, Welland - 7-Unit Residential Income Property. Exceptional investor opportunity in the heart of Welland. This income property offers 7 self-contained residential units, ideally positioned for a buyer looking to build or expand their Niagara portfolio.
Property generates over $75K net income/year. The unit mix provides strong versatility and broad tenant appeal: 4 x 2-bedroom, 1 x 1-bedroom, and 2 studio suites - catering to singles, couples, and small families alike. Located in Welland, Ontario, a growing rental market with consistent tenant demand driven by Niagara College, healthcare, and manufacturing employment.
Easy access to Highway 406 and the broader Niagara Region makes this an attractive option for a wide range of renters.
Property summary
- MLS® number
- X13639556
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 3,000 sq ft
- Land size
- 44.97 x 100.67 FT
- Annual property taxes
- $4,629.00
- Days on market
- 43 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
What would this home cost you?
Based on the $1,399,000 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 CENTURY 21 PEOPLE'S CHOICE REALTY INC., MISSISSAUGA.
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.