Description

 Price: $ 674,900.00 MLS^®: X13129898         Location : 123 Dain Avenue, Welland, ON L3B 3E5

Fully tenanted triplex, turnkey, with immediate cashflow available and 7.32% cap rate. This is an excellent investment opportunity with 3 newly renovated units in great condition with great tenants, paying current market rent. Over $100K in renovations completed at the property, with a newly finished basement, new kitchens, appliances, windows, hot water tank, and more. No expenses spared to create and sustain this well-operating multi-unit property. Each unit is equipped with a full kitchen and appliances (fridge and stove) all newly renovated within the last 5yrs. Each unit has their own laundry appliances - great value add for tenants. Two separate backyards - Main floor tenant enjoys fully fenced yard with a private back deck and garden shed. Upper tenant enjoys their own separate fully fenced yard with a garden shed. 4 parking spots available on the driveway. Basement is fully waterproofed under warranty & new main drain. 3 Separate Hydro Meters with Separate Breaker Panels. 2 Hot Water Tanks. 2 Furnaces. Tenants paying all utilities except water. Excellent location, walking distance to shops, restaurants, library, schools, parks, gym, and more. Public transit stop nearby. School bus route as well. This property checks all the boxes for investors & tenants. Start earning income and watch your asset appreciate in value without lifting a finger, the work has already been completed. Incomes, expenses, leases, and full property details available.

Location Description

Ontario Road/Dain Avenue

Property Details

• Community: 773 - Lincoln/Crowland
• Property Type: Tenant/Residential Freehold
• Bedrooms: 6
• Bath: 3
• Garages: None

Building Features

• Foundation Type: Concrete Block
• Construction Material: Aluminum Siding
• Total Parking Space: 3

Features

• Heating: Forced Air Gas
• Sewer: Sewer ,