256 LINCOLN Street Welland, ON
$ 1,225,000
Property Attributes
  • ID#40188182
  • TypeMulti-Family
  • CityWelland
  • Neighborhood768 - Welland Downtown
  • ZipL3B 4N1
  • Style
  • Price$ 1,225,000
  • Bedrooms9
  • Bathrooms5
  • Half Bathrooms0
  • Sqr Footage3028
Listing Provided Courtesy Of:
Data Source:
Canadian Real Estate Association
Property Description

Incredible Investment Opportunity To Own Or Live In One Unit And Rent The Other Four Units With This Legal 5-Plex! Separately Metered Utilities. Recent Renovations: Gravel Driveway, Waterproofing (2012), Apt 5 Completely Renovated (2019), Security Cameras (2019), Two Owned Domestic Water Heaters (2015). No Rental Contracts, All Equipment Is Owned. NOI $43,854.19, Gross Rent $56,430/ Month With 1.2% Increase In 2022. Cap 3.58%. Full List Of Financials Available. Situated In A Mature Neighbourhood Within Walking Distance To Downtown, Parks, Several Restaurants & Shops, Schools, Library And Transit. Square Footage Is Approximate. (id:7434)

General Features

Ammenities Hospital, Place of Worship, Schools, Shopping
Building Appliances Microwave Built-in
Building Cooling Type Window air conditioner
Features Southern exposure, Laundry- Coin operated
Location Description Highway 406 turn west onto East Main Street, south onto Wellington Street, east onto Lincoln Street, property on northwest corner of Lincoln Street & Garner Ave.
More Information Link
Ownership Type Freehold
Property Type Multi-family
Zoning Description RL2

Interior Features

Basement Development Partially finished
Basement Type Full (Partially finished)
Building Fireplace Present False
Construction Material Concrete block, Concrete Walls
Construction Style Attachment Detached

Exterior Features

Exterior Finish Concrete, Stucco
Land Amenities Hospital, Place of Worship, Schools, Shopping
Parking Space Total 9
Sewer Municipal sewage system
Structure Shed


  • 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 4N1

AVG $1.23M