Address
255 WALLACE Avenue S Welland, ON
Price
$ 555,000
Property Attributes
  • ID#40159408
  • TypeMulti-Family
  • CountyNIAGARA ASSOCIATION OF REALTORS
  • CityWelland
  • Neighborhood770 - Lincoln - Crowland
  • ZipL3B 1R7
  • Style
  • Price$ 555,000
  • Bedrooms4
  • Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1700
Listing Provided Courtesy Of:
COLDWELL BANKER MOMENTUM REALTY BROKERAGE
Data Source:
Canadian Real Estate Association
Property Description

ATTENTION INVESTORS 2-2 BEDROOM DUPLEX WITH POTENTIAL FOR 3RD FULL LEGAL IN FINISHED BASEMENT WITH WALK OUT. SELLER STATES ONE BEDROOM BASEMENT UNIT IS NOW CITY COMPLIANT FOR FAMILY MEMBER TO LIVE IN AND IS NOW OCCUPIED BY A FAMILY MEMBER. 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, STOVE AND WASHER/DRYER ARE IN BASEMENT. (id:7434)

General Features

Building Cooling Type Central air conditioning
Building Type Duplex
Foundation Type Block
Location Description EAST MAIN STREET TO WALLACE
More Information Link https://www.realtor.ca/real-estate/23589769/255-wallace-avenue-s-welland
Ownership Type Freehold
Property Type Multi-family
Zoning Description RL1

Interior Features

Basement Development Finished
Basement Type Full (Finished)
Building Fireplace Present False
Building Heating Type Forced air

Exterior Features

Exterior Finish Vinyl siding
Parking Space Total 5
Sewer Municipal sewage system

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA 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
Visits
AVG 2
1