Cash-flowing legal triplex in Downtown Welland generating over $4,500/month in operating income, offering 2,390 sq ft above grade on a 58 x 145 ft lot. Perfect for hands-on investors or owner-occupiers looking to live in one unit and let rental income supplement the mortgage. Total layout comprises 7 bedrooms, 3 kitchens, 3 full bathrooms, and separate hydro meters. Currently configured with one main-floor unit tenanted, two units vacant (ideal for setting current market rents or moving in), and a detached 2-car garage currently rented for storage - offering potential for an ADU/garden suite conversion. Private double driveway provides 6 total parking spaces. Highly walkable location steps to King Street transit, Merritt Park, the Welland Recreational Waterway trails, and the Community Wellness Complex. Minutes to Niagara Health Welland Hospital, shopping, and dining. Exceptional value with reliable cash flow and future expansion upside. (id:36096)
| MLS® Number | 40877727 |
| Property Type | Multi-family |
| Amenities Near By | Park, Place Of Worship, Public Transit, Schools |
| Parking Space Total | 6 |
| Bathroom Total | 3 |
| Bedrooms Total | 7 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Constructed Date | 1900 |
| Cooling Type | None |
| Exterior Finish | Stucco |
| Foundation Type | Block |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 2,390 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
| Detached Garage |
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 147 Ft |
| Size Frontage | 58 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rl2 |
https://www.realtor.ca/real-estate/30502590/27-park-street-welland
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
