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$ 1,099,900
Est. payment /mo
Active
256 Lincoln ST Welland, ON L3B 4N1
9 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision 768 - Welland Downtown
MLS Listing ID X13125466
Style 2-Storey
Bedrooms 9
Annual Tax Amount $3,632
Tax Year 2026
Property Sub-Type Multiplex
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 Niagara
Zoning RL2
Rooms
Basement Separate Entrance, Partially Finished, Other
Kitchen 5
Interior
Interior Features Separate Hydro Meter
Cooling Other
Exterior
Exterior Feature Landscape Lighting, Patio, Deck
Parking Features Detached
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle,Membrane
Total Parking Spaces 9
Building
Foundation Concrete Block
Others
Virtual Tour https://youtu.be/i9BqgewXM7Y
Lited by REAL BROKER ONTARIO LTD.
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