11 Merritt Street Welland, Ontario L3C 4S7

5 Bedroom 3 Bathroom 2088
Ductless, Wall Unit Baseboard Heaters, Heat Pump


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


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


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


Ian Poulin

(905) 246-5085

Keller Williams Complete Niagara Realty
87 Lake Street
St. Catharines, On, Ontario L2R 5X5

(905) 688-6688

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