Address
255 Wallace Avenue S Welland, ON
Price
$ 555,000
Property Attributes
  • MLS#40159408
  • TypeMulti-Family
  • CityWelland
  • AreaWelland
  • Neighbourhood770 - Lincoln - Crowland
  • Postal CodeL3B 1R7
  • StyleDuplex Up/Down
  • Taxes$ 2390
  • Price$ 555,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1700
Listing Provided Courtesy Of:
COLDWELL BANKER MOMENTUM REALTY BROKERAGE
Data Source:
Ontario Regional (ITSO)
Property Description

ATTENTION INVESTORS 2-2 BEDROOM DUPLEX WITH POTENTIAL FOR 3RD FULL LEGAL IN FINISHED BASEMENT WITH WALK OUT. BASEMENT CURRENTLY USED AS AN INLAW UNIT. BUYER TO DO OWN DUE DILIGENCE REGARDING 3RD UNIT IN BASEMENT. LOTS OF UPDATES INCLUDING NEW HOUSE AND GARAGE SHINGLES IN 2020, FLOORING, MAIN FLOOR KITCHEN, FENCE, BASEMENT WINDOWS AND BASEMENT FINISHED ALL IN LAST FEW YEARS. LONG TERM TENANTS WOULD LIKE TO REMAIN. MONTHLY RENTAL INCOME OF $2550 (MAIN - $1100, UPPER - $850, INLAW - $600), ANNUAL RENT IS $30,600. TENANTS PAY GAS AND HOT WATER TANK RENTAL. SELLER PAYS ELECTRIC AND WATER. DOUBLE GARAGE PROVIDES ADDITIONAL STORAGE. SELLER IS SELLING THE PROPERTY TENANT OCCUPIED. TENANTS ARE ALL MONTH TO MONTH. A THIRD FRIDGE AND WASHER/DRYER ARE IN BASEMENT.

Price History
9/1/2021 Listed $555,000

General Features

Number of Garage Spaces 2.00

Interior Features

Basement Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in L3B 1R7

Price
AVG $560K
$560K
Taxes
AVG $2,390
$2,390
Visits
AVG 14
13
Walkscore
AVG 54
54
Data Provided by Walkscore ® not using MLS data

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