428 Thorold Rd, Welland, Ontario

Multi-Family for Sale in Welland

428 Thorold Rd, Welland, ON

  • CA$679,900
  • 5 BEDS
  • 3 BATHS
  • 9,196.33 sq.ft. Land
  • CA$679,900

Multi-Family for Sale in Welland

428 Thorold Rd, Welland, ON

  • CA$679,900
  • 5 BEDS
  • 3 BATHS
  • 9,196.33 sq.ft. Land
  • CA$679,900

Key Facts

  • MLS® #: X13055178
  • Secondary MLS® #: 40824697
  • Property ID: SIRC3290916
  • Property Type: Residential, Multiplex
  • Lot Size¹: 9,196.33 sq.ft.
  • Year Built: 31
  • Bedrooms: 5
  • Bathrooms: 3
  • Parking Spaces: 10
  • Listed By:
  • ROCK STAR REAL ESTATE INC.

Property Description

Turnkey Legal Triplex In The Heart Of Welland Offering Strong, Reliable Income And Exceptional Future Potential. Situated On A Rare 60 X 153 Ft Corner Lot, This Property Provides Ample Outdoor Space And Parking For Up To 10 Vehicles, A Highly Desirable Feature For Tenants And Long-Term Flexibility. This Well-Maintained Building Features Three Self-Contained Units, Each With Its Own Separate Hydro Meter And Private In-Suite Laundry, Allowing Tenants To Pay Their Own Electricity While Sharing Remaining Utilities (Gas And Water) On A Proportionate Basis. A Shared Front Foyer Serves The Main And Upper Units, While The Lower Unit Benefits From A Separate Rear Entrance For Added Privacy. Unit 1 Is Bright And Functional With A Spacious Living Area, Eat-In Kitchen, One Bedroom, Four-Piece Bath, And In-Suite Laundry (Vacant With Estimated Market Rent Of $1,400 + 30% Of Gas And Water). Unit 2 Spans The Main And Second Floor, Offering A Generous Layout With A Large Living Area, Oversized Kitchen With Ample Cabinetry, Two Bedrooms, And A Four-Piece Bath (Tenanted At $1,650 + 40% Of Gas And Water). The Lower Unit Features Two Bedrooms And A Fully Renovated Interior Including A Modern Kitchen, Updated Bathroom, New Flooring, Dedicated Dining Area, Spacious Living Room, And In-Suite Laundry (Vacant With Estimated Market Rent Of $1,575 + 30% Of Gas And Water). Extensive Upgrades Include Full Legalization In 2023 With A 200-Amp Electrical Panel, Upgraded 1-Inch Plumbing, And A Complete Renovation Of The Lower Unit. In 2026, The Upper Unit Was Further Improved With A New Kitchen, Doors, Baseboards, And Fresh Paint Throughout. Ideal For Investors Seeking A Low-Maintenance, High-Performing Asset Or Buyers Looking To Live In One Unit While Generating Significant Rental Income.

Rooms

  • TypeLevelDimensionsFlooring
  • KitchenLower9' 4.9" x 12' 9.1"Other
  • BathroomLower6' 3.1" x 6' 3.1"Other
  • Living roomLower12' 11.9" x 18' 8"Other
  • BedroomLower7' 4.1" x 12' 2"Other
  • BedroomLower11' 10.1" x 10' 2.8"Other
  • KitchenMain7' 8.1" x 12' 11.9"Other
  • Living roomMain11' 5" x 13' 6.9"Other
  • Bedroom2nd floor6' 3.9" x 14' 2"Other
  • Bedroom2nd floor10' 11.1" x 14' 6"Other
  • Bedroom2nd floor7' 4.9" x 9' 1.8"Other
  • KitchenMain14' 11" x 18' 11.9"Other
  • BedroomMain12' 11.9" x 10' 11.8"Other
  • BedroomMain6' 4.7" x 8' 11.8"Other

Listing Agents

ROCK STAR REAL ESTATE INC.

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Location

428 Thorold Rd, Welland, Ontario, L3C 3W6 Canada

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