$1,299,900
 $6,978 est/mo Sourced by Back At You

29 Afton Avenue , Welland, ON L3B 1V6

Welland, ON L3B 1V6

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Description

Built in 2021 by Mountainview, this building is a turn-key investment and the perfect opportunity to take over this newly constructed multi-plex that is fully leased with great tenants and potential to finish 2 more units in the basement with large egress windows! All units are separately metered for gas and hydro which is paid for by the Tenants. Each unit is 2 bedrooms, 1 bathroom with in-suite laundry, it's own furnace, central air conditioner, hot water heater, a full kitchen with stainless steel fridge, stove & dishwasher and bright open living space measuring 805 sqft each. There is potential to complete the lower level two units that replicate the other 4 units, potentially making this a 6-plex. The exterior walls in the basement are insulated and the water is all plumbed-in. There are a total of 6 off-street parking spots, one assigned for each unit. Security cameras installed on exterior of building. Start your retirement plan earning passive income from this great opportunity! The landlord currently has a 5% cap rate and potential for 8% once the lower two units are completed and leased. Landlord pays water/sewer, property tax, property insurance & snow removal. Security cameras are installed on perimeter of building working off wifi. Floor plans are available.

Details

MLS#40599915
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive Under Contract
Year2021
Days On Site49
Listing Provided ByCENTURY 21 TODAY REALTY LTD, BROKERAGE | Rebecca Scarlett

Features

Bed(s)8
Bath(s)4
SQ Feet3,220
BasementY
Story(s)2
Units6
ZoningRL2, RM
Golf CourseYes
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 14 minutes ago
ProvinceON
CountyNiagara
CityWelland
Postal CodeL3B 1V6
AreaWelland
Subarea773 Lincoln | Crowland
Community Name773 Lincoln/Crowland
Listing VS Median (in 773 Lincoln/Crowland)
Price:
$1,299,900
low | high
Med:
$549,000
100% of Average
SqFt:
3,220
low | high
Med:
1,347
100% of Average
$ / SqFt:
$404
low | high
Med:
$408
49.039689707158% of Average
On Site:
49
low | high
Med:
12.000000
100% of Average
Sourced by Back At You
Listing Updated: July 22, 2024 at 1:18:20 PM PDT