256 Lincoln Street, Welland, ON L3B 4N1
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256 Lincoln Street, Welland, ON L3B 4N1
256 Lincoln Street, Welland, ON L3B 4N1
256 Lincoln Street, Welland, ON L3B 4N1
256 Lincoln Street, Welland, ON L3B 4N1
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Stephen Canjar

Stephen Canjar

+1(905) 651-5515
Listed by Eli Milenkoff • Real Broker Ontario Ltd.
$ 1,099,900
Est. payment /mo
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Active

256 Lincoln Street Welland, ON L3B 4N1

3,028 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-5 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 3,028 sqft

Price per Sqft $363

MLS Listing ID 40829972

Abv Grd Liv Area 3,028

Annual Tax Amount $3,632

Property Sub-Type Multi-5 Unit

Source Cornerstone

Property Description

A turnkey, income generating property in the heart of Welland. This exceptionally well maintained, 5-unit residential apartment building sits in a highly desirable central location, offering strong rental appeal and long-term value, with significant recent capital improvements including a new hot water heating system (2024), newer vinyl thermo windows 2018, and with on-site laundry for all tenants. Most units feature updated flooring and fresh paint, while the exterior stucco 2021 is in excellent condition reflecting the pride of ownership. Tenants benefit from an unbeatable location within walking distance to a major shopping plaza on Lincoln St., two elementary schools, the scenic Welland Canal walking and cycling paths, and vibrant downtown amenities. This property is also serviced by the Niagara Region wide bus route, making it attractive to a broad tenant base. Additional highlights include separate hydro meters, on site parking, and a double car garage at the rear of the property with the potential to generate an additional $1,200 annually by renting out half the garage space. Currently tenanted by quality, reliable residents, this solid and centrally located multi-unit investment asset represents a rare find in one of Niagara's growing communities.

Location

Province ON

County Niagara

Area Welland

Zoning RL2

Rooms

Other Rooms Shed(s), Storage

Basement Separate Entrance, Walk-Out Access, Partial, Partially Finished

Kitchen 0

Interior

Interior Features Separate Hydro Meters

Heating Forced Air, Natural Gas

Cooling Other

Fireplace No

Laundry Coin Operated, Shared

Exterior

Exterior Feature Lighting, Private Entrance, Separate Hydro Meters

Parking Features Detached Garage, Asphalt

Garage Spaces 2.0

Roof Type Asphalt Shing,Membrane

Porch Patio

Lot Frontage 52.83

Lot Depth 100.0

Garage Yes

Building

Lot Description Rectangular, Hospital, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, School Bus Route, Schools, Shopping Nearby

Story 2

Foundation Concrete Block

Sewer Sewer (Municipal)

Water Municipal

Structure Type Block,Shingle Siding,Stucco,Wood Siding

New Construction No

Others

Senior Community No

Tax ID 641090055

Ownership Freehold/None

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256 Lincoln Street