Investor opportunity with a 7.5 Cap rate and two units available for new tenancies! This legal non-conforming fourplex offers a versatile unit mix with a spacious 3-bedroom main-floor unit, a 3-bedroom upper unit, a 2-bedroom upper unit, and a 1-bedroom lower-level unit. The 1-bedroom lower unit is ...currently vacant, with the 2-bedroom upper units becoming vacant November 1, 2026, giving a new owner the valuable opportunity to select tenants and establish new tenancies for two of the four units. Additional income potential is offered through coin-operated laundry and a detached garage. With generous unit sizes, multiple income streams and the flexibility provided by two vacant units, this property offers plenty of potential for an investor looking to reposition and add value over time. Roof updated in the last 10 years and the boiler was updated in 2013.
Full Property Details
Interior
Bedrooms
6
Bedrooms Plus
1
Total Bedrooms
7
Washrooms
4
Square Footage
3500-5000 sqft
Basement
Full,Partially Finished
Heating Source
Gas
Heating Fuel
Radiant
Air Conditioning
None
Family Room
Yes
Kitchens
3
Kitchens Plus
1
Total Kitchens
4
Fireplace Features
No
Bedrooms
6
Bedrooms Plus
1
Total Bedrooms
7
Washrooms
4
Square Footage
3500-5000 sqft
Basement
Full,Partially Finished
Heating Source
Gas
Heating Fuel
Radiant
Air Conditioning
None
Family Room
Yes
Kitchens
3
Kitchens Plus
1
Total Kitchens
4
Fireplace Features
No
Exterior
Depth
117.4
Front
55.0
Lot Size
55 x 117.4 ft
Pool
None
Parking Spaces
5
Total Parking Spaces
5.00
Parking Description
Detached
Garage Spaces
1
Depth
117.4
Front
55.0
Lot Size
55 x 117.4 ft
Pool
None
Parking Spaces
5
Total Parking Spaces
5.00
Parking Description
Detached
Garage Spaces
1
Building Description
Style
2 1/2 Storey
Home Type
Apartment
Subtype
Fourplex
Property Orientation
East
Exterior Finish
Vinyl Siding
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Style
2 1/2 Storey
Home Type
Apartment
Subtype
Fourplex
Property Orientation
East
Exterior Finish
Vinyl Siding
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Community
Community
Welland Downtown
Community
Welland Downtown
Taxes & Fees
Taxes
$4,982 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$4,982 /yr
Tax Year
2025
Occupancy
Tenant
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