Address
255 WALLACE Avenue S Welland, ON
Price
$ 555,000
Property Attributes
  • ID#40159408
  • TypeMulti-Family
  • CityWelland
  • AreaNiagara
  • NeighbourhoodEastdale
  • Postal CodeL3B 1R7
  • Style
  • Price$ 555,000
  • Bedrooms4
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1700
Listing Provided Courtesy Of:
Judy Amadatsu with Coldwell Banker Momentum Realty Brokerage
Data Source:
RLP - CREA EN
Property Description

ATTENTION INVESTORS 2-2 BEDROOM DUPLEX WITH FINISHED BASEMENT WITH WALK OUT. BASEMENT CURRENTLY USED AS AN INLAW UNIT. 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 AND WASHER/DRYER ARE IN BASEMENT.

General Features

Beds 4
Parking Spaces 5

Interior Features

Bedrooms 4

Exterior Features

Lot Frontage 45.00
Jumpid 16146848
Mls 40159408

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata 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 10
9
Walkscore
AVG 54
53
Data Provided by Walkscore ® not using MLS data