80 Mill Street Active Save Request In-Person Tour Request Virtual Tour
Welland,ON L3C 4Y2
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,928 sqft
Price per Sqft $264
MLS Listing ID 40754506
Style Two Story
Bedrooms 5
Full Baths 4
Abv Grd Liv Area 2,928
Annual Tax Amount $5,457
Property Sub-Type Detached
Source Cornerstone
Property Description
PRIME RIVERFRONT INVESTMENT OPPORTUNITY! 80 Mill St, a rare and lucrative investment opportunity awaits with this triplex, strategically located in the heart of Welland. This property features (3) distinct rental units, making it an ideal choice for investors seeking immediate cash flow and long term growth potential. Situated on a generous .50 acre lot backing onto the Welland River, this triplex combines tranquillity of a country like setting with the convenience of urban amenities, ensuring strong tenant appeal and consistent rental demand. The main floor unit is a standout, having been updated to modern standards offering a spacious 3 bedroom, 2 bathroom layout, complete with a finished basement that adds valuable space. The two upper units, each featuring 1 bedroom and 1 bathroom, are currently tenanted, providing investors with immediate rental income. The property's exterior is equally impressive, with ample parking space to accommodate tenants. Location is a key highlight as the property is conveniently close to schools, grocery stores, shopping centres, restaurants, and recreational facilities. Proximity to major roadways also ensures easy commutes to surrounding areas. This property has lots of potential with its combination of immediate rental income from tenants in the upper units, a modernized main floor unit, and a large lot offering future value opportunities. This is a turnkey investment! Don't miss your chance to own this exceptional investment property!
Location
Province ON
County Niagara
Area Welland
Zoning RL2 EPA
Direction Niagara Street to Mill Street
Rooms
Other Rooms Shed(s)
Basement Development Potential,Full,Partially Finished,Sump Pump
Main Level Bedrooms 3
Bedroom 2 2
Kitchen 3
Interior
Interior Features Water Meter
Heating Forced Air,Natural Gas
Cooling Window Unit(s)
Fireplace No
Laundry In Basement
Exterior
Exterior Feature Awning(s),Balcony,Landscaped,Private Entrance
Parking Features Asphalt
Waterfront Description River,Direct Waterfront,North,River Front,River/Stream
View Y/N true
View River
Roof Type Asphalt Shing,Flat
Porch Deck
Lot Frontage 50.0
Lot Depth 270.0
Garage No
Building
Lot Description Urban,Ample Parking,Cul-De-Sac,Greenbelt,Quiet Area
Faces Niagara Street to Mill Street
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal-Metered
Architectural Style Two Story
Structure Type Metal/Steel Siding,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 641040069
Ownership Freehold/None
Virtual Tour https://view.spiro.media/order/4b6ed11f-ba76-4d07-8eaa-08ddbee11c0a?branding=false