136 Regent Street, Welland, ON L3B 4H8

$450,000
: 3
BD
: 2
BA
: 1,100
SqFt

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List Price: $450,000
MLS#: X13524072
Status: ACTIVE
Type: Multifamily
SubType: Duplex
Style: 1 1/2 Storey
Bedrooms: 3
Bathrooms: 2
Living Area: 1100-1500
Province: ON
Municipality: Welland
Area: Niagara
Neighborhood: 768 - Welland Downtown
Subdivision: King Street

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Property Description

Attention investors and savvy buyers! This separate metered duplex in the heart of downtown Welland offers strong rental income and excellent long-term potential. Ideally located just steps to the Welland Farmers' Market, restaurants, shopping, parks, schools and public transit, this property combines convenience with cash flow. The front unit features 2 spacious bedrooms and rents for $1,409/month, while the rear unit offers 1 bedroom plus a den/home office and rents for $1,178/month, generating a gross annual income of $31,044. Based on the current income and operating expenses, the property offers an approximate 5.4% cap rate. Separate hydro and gas meters help reduce operating expenses, making this an attractive investment. The unfinished basement provides laundry and additional storage space. Situated on a 33 x 132 ft lot, the front tenant enjoys exclusive use of the covered front porch while the rear tenant has access to the private backyard. Whether you're looking to expand your investment portfolio, live in one unit while offsetting your mortgage with rental income, or add a duplex to your holdings, this property is an opportunity you won't want to miss. Approximate cap rate is based on current rental income and annual operating expenses as provided by the Seller.

9052464303

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