123 Dain Avenue, Welland, ON L3B 3E5, Welland, ON, L3B 3E5
MLS: X13129898 | Duplex
$674,900
Property Description
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.
Quick Facts
- Property Type: Duplex
- Style: 2-Storey
- Bedrooms: 6 (5 above, 1 below)
- Bathrooms: 3
- Attached: Yes
- Parking: 3.0 spaces (Private)
Costs
- Annual Taxes: $2,605.00 (2025)
Listing Provided by: COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Window Unit(s)
- Basement: Full, Separate Entrance
Exterior & Construction
- Style: 2-Storey
- Roof: Asphalt Rolled
- Construction: Aluminum Siding
- Foundation: Concrete Block
- Sewer: Sewer
Lot & Land
- Pool: None
- Zoning: RL2
Community & Neighbourhood
- Neighbourhood: 773 - Lincoln/Crowland
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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123 Dain Avenue, Welland, ON L3B 3E5, Welland, ON, L3B 3E5