+31 more
6
Bathrooms
3,614 sqft
Area
10
Parking
About This Property
This 6-bathroom multi-family in Welland offers 3,614 sqft of living space. The property has lot dimensions of 67.5 x 114.1 FT. The home features radiant heat heating. Highlights include a 10-car garage.
MLS Remarks
This purpose-built 6-unit building offers a solid 6.2% cap rate today, with a clear path to 6.6% by September. Located on a corner along St. Andrews Street in a quiet, established pocket of Welland, with an elementary school across the street, this is the kind of steady location that attracts long-term, reliable tenants. No heavy renovations, no guesswork, no sleepless nights. This is a proven, income-producing property already generating strong returns, with upside that comes from tightening operations, not tearing the place apart, exactly what you want when stepping into your first multi-unit or adding to your portfolio. The fundamentals are right where they should be, paved parking, on-site coin laundry adding extra income, and dual entrances that keep the building secure and functional. Simple systems, predictable performance.This is how you move from thinking about investing to actually owning something that pays you every month. Buy smart, learn the ropes, build equity. Then do it again. (id:60351)
Overview
Property Typeresidential
Sub-Typemulti-family
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