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11 Merritt Street Welland, Ontario L3C 4S7
5 Bedroom
3 Bathroom
2088
Ductless, Wall Unit
Baseboard Heaters, Heat Pump
$749,000
Discover a fantastic investment opportunity in a desirable area of Welland. Legal TRIPLEX with RL2 zoning. 4 self-contained units is an exciting prospect for seasoned and new investors looking to expand their portfolio. TWO units are 2-bed 1-bath, ONE unit is 1-bed 1-bath and ONE basement unit is 1-bed 1-bath. Adding to the appeal of this property is immediate rental income, stable tenants, and room for value enhancement. Three above grade units are rented and in wonderful condition with updates done in the last couple years including shingles, siding, stucco, many doors & windows, porches, concrete walkways, 200 amp electrical, plumbing, flooring, bathrooms and more. Turnkey investment at closing with upside through basement renovations. Fully tenanted generating $5,693.30 monthly rental income. 6.22% cap rate. 4 kitchens, 4 entrances, 4 bathrooms, 3 gas meters, 3 electrical meters, 3 electrical panels. (id:48215)
Property Details
| MLS® Number | 40463778 |
| Property Type | Multi-family |
| Amenities Near By | Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Community Features | School Bus |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
| Structure | Shed |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 5 |
| Appliances | Dryer, Refrigerator, Stove, Washer, Hood Fan |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1930 |
| Construction Style Attachment | Detached |
| Cooling Type | Ductless, Wall Unit |
| Exterior Finish | Vinyl Siding |
| Fire Protection | Unknown |
| Heating Type | Baseboard Heaters, Heat Pump |
| Stories Total | 2 |
| Size Interior | 2088 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 100 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rl2 |
https://www.realtor.ca/real-estate/25917005/11-merritt-street-welland
Ian Poulin
Salesperson
Keller Williams Complete Niagara Realty
87 Lake Street
St. Catharines, On, Ontario L2R 5X5
87 Lake Street
St. Catharines, On, Ontario L2R 5X5
(905) 688-6688
www.kwniagara.com/
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August 28 2023 10:43:02
Niagara Association of REALTORSยฎ
Keller Williams Complete Niagara Realty