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$ 799,900
Est. payment | /mo
5 Beds
4 Baths
2,928 SqFt
$ 799,900
Est. payment | /mo
5 Beds
4 Baths
2,928 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,928 sqft
Price per Sqft $273
Subdivision 772 - Broadway
MLS® Listing ID 40755221
Bedrooms 5
Property Sub-Type Freehold
Source Cornerstone - Waterloo Region
Property Description
PRIME RIVERFRONT INVESTMENT OPPORTUNITY! 80 Mill St, a rare and lucrative investment opportunity awaits with this triplex, strategically located in the heart of Welland. This property features (3) distinct rental units, making it an ideal choice for investors seeking immediate cash flow and long term growth potential. Situated on a generous .50 acre lot backing onto the Welland River, this triplex combines tranquillity of a country like setting with the convenience of urban amenities, ensuring strong tenant appeal and consistent rental demand. The main floor unit is a standout, having been updated to modern standards offering a spacious 3 bedroom, 2 bathroom layout, complete with a finished basement that adds valuable space. The two upper units, each featuring 1 bedroom and 1 bathroom, are currently tenanted, providing investors with immediate rental income. The property's exterior is equally impressive, with ample parking space to accommodate tenants. Location is a key highlight as the property is conveniently close to schools, grocery stores, shopping centres, restaurants, and recreational facilities. Proximity to major roadways also ensures easy commutes to surrounding areas. This property has lots of potential with its combination of immediate rental income from tenants in the upper units, a modernized main floor unit, and a large lot offering future value opportunities. This is a turnkey investment! Don't miss your chance to own this exceptional investment property! (id:24570)
Location
Province ON
Lake Name Welland River
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Exterior
Parking Features No
Community Features Quiet Area
View Y/N Yes
View No Water View
Total Parking Spaces 10
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Water Welland River
Others
Ownership Freehold
Listed by THE AGENCY
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Nest Real Estate Group
Real Estate Team | License ID: 139039