256 Lincoln Street,Welland, ON L3B 4N1
Welland, ON L3B 4N1
Description
A turnkey, income generating property in the heart of Welland. This exceptionally well maintained, 5-unit residential apartment building sits in a highly desirable central location, offering strong rental appeal and long-term value, with significant recent capital improvements including a new hot water heating system (2024), newer vinyl thermo windows 2018, and with on-site laundry for all tenants. Most units feature updated flooring and fresh paint, while the exterior stucco 2021 is in excellent condition reflecting the pride of ownership. Tenants benefit from an unbeatable location within walking distance to a major shopping plaza on Lincoln St., two elementary schools, the scenic Welland Canal walking and cycling paths, and vibrant downtown amenities. This property is also serviced by the Niagara Region wide bus route, making it attractive to a broad tenant base. Additional highlights include separate hydro meters, on site parking, and a double car garage at the rear of the property with the potential to generate an additional $1,200 annually by renting out half the garage space. Currently tenanted by quality, reliable residents, this solid and centrally located multi-unit investment asset represents a rare find in one of Niagara's growing communities.
Details
| MLS # | 40829972 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 165 |
| Listing Provided By | Real Broker Ontario Ltd. | Eli Milenkoff |
Features
| SQ Feet | 3,028 |
|---|---|
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | RL2 |
| Acreage | 0.12 |
Interior
| Interior Features | Separate Hydro Meters |
|---|---|
| Cooling | Other |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | Coin Operated, Shared |
Exterior
| Exterior Features | Lighting, Private Entrance, Separate Hydro Meters |
|---|---|
| Lot Features | Rectangular, Hospital, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, School Bus Route, Schools, Shopping Nearby |
| Construction Materials | Block, Shingle Siding, Stucco, Wood Siding |
| Roof | Asphalt Shing, Membrane |
| Foundation Details | Concrete Block |
| Patio And Porch Features | Patio |
| Security Features | Carbon Monoxide Detector, Carbon Monoxide Detector(s), Other |
Parking
| Garage Spaces | 2 |
|---|---|
| Parking Features | Detached Garage, Asphalt |
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | No |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 3632 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3B 4N1 |
| Area | Welland |
| Subarea | 773 Lincoln | Crowland |
| Community Name | 773 Lincoln/Crowland |
| Listing VS Median (in 773 Lincoln/Crowland) | |
Price: $1,049,900 low | high Med: $359,900 sqft: 3,028 low | high Med: 858 $ / sqft: $347 low | high Med: $419 On site: 165 low | high Med: 6 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3B 4N1 |
| Area | Welland |
| Subarea | 773 Lincoln | Crowland |
| Community Name | 773 Lincoln/Crowland |
| Listing VS Median (in 773 Lincoln/Crowland) | |
Price: $1,049,900 low | high Med: $359,900 sqft: 3,028 low | high Med: 858 $ / sqft: $347 low | high Med: $419 On site: 165 low | high Med: 6 | |