Key Facts
- MLS® #: 40774749
- Property ID: SIRC2945841
- Property Type: Residential, Single Family Detached
- Living Space: 2,821 sq.ft.
- Bedrooms: 5
- Bathrooms: 3
- Parking Spaces: 4
- Listed By:
- Coldwell Banker Community Professionals
Property Description
Legal Triplex! Located downtown Welland, a well maintained home and ready to be leased. The units are vacant and when rented it makes an exceptional cash flow positive investment. When it was rented in 2024, the property was grossing $56,700.00 annually and is now offered at a 7% cap rate. Unit 1 (2-beds) was renting for $1,750, Unit 2 (3-beds) for $1,650.00, and unit 3 (bachelor) for $1,300.00. Located just steps from the vibrant Welland Farmers' Market, Merritt Island Park, the Welland River, and the city's revitalized downtown core, this charming turn-of-the-century home is ideally located for convenience and lifestyle. Live in one unit while generating rental income from the others, or co-purchase with a partner to build equity together. The home has been well maintained and retains much of its original charm, while offering updated functionality. Updates: Electrical (2024), Bathroom Renovated 3rd floor (2025), New Appliances in 3rd floor (2025), Insulated 2nd floor ceiling to improve with sound from top floor (2025). Coined washer and dryer are not included but available for purchase if needed. Boiler has been serviced every year. Separate hydro and gas meters and three hot water heaters. This is a solid house and investment.
Rooms
- TypeLevelDimensionsFlooring
- BathroomMain12' 9.1" x 5' 4.1"Other
- BedroomMain12' 9.1" x 11' 10.7"Other
- Living roomMain14' 4.8" x 13' 5"Other
- Dining roomMain13' 1.8" x 14' 6.8"Other
- KitchenMain9' 6.1" x 13' 8.9"Other
- BedroomMain12' 9.9" x 7' 8.9"Other
- Solarium/SunroomMain7' 4.9" x 12' 6"Other
- Living room2nd floor10' 4.8" x 12' 9.9"Other
- Kitchen2nd floor6' 8.3" x 9' 1.8"Other
- Bathroom2nd floor6' 7.9" x 5' 4.9"Other
- Bedroom2nd floor11' 10.1" x 11' 3"Other
- Bedroom2nd floor14' 2.8" x 10' 7.1"Other
- Bedroom2nd floor11' 10.1" x 10' 9.1"Other
- Kitchen3rd floor6' 9.8" x 11' 10.9"Other
- Solarium/Sunroom2nd floor6' 11" x 10' 5.9"Other
- Bathroom3rd floor7' 4.1" x 7' 6.1"Other
- Loft3rd floor22' 1.7" x 13' 3.8"Other
Listing Agents
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Location
23 Avenue Place, Welland, Ontario, L3B 4B2 Canada
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- Principal and Interest 0
- Property Taxes 0
- Strata / Condo Fees 0

