26 ALBINA Street, Welland, Ontario, L3C1P3
MLS: 40824702 | Triplex (Freehold)
$499,900
Property Description
Three Self-Contained Units Offering Strong Income Potential With An Added Opportunity To Acquire A Rare Severed Side Lot For Additional Future Development If Desired. This Property Is Ideal For Investors Looking To Expand Their Portfolio Or Buyers Seeking A House Hack Opportunity While Benefiting From Long-Term Upside. Unit 1 Is Located On The Front Ground Floor And Was Fully Renovated In 2020 With A Modern Kitchen, Updated Bathroom, And New Flooring, Currently Rented At $1,100/Month + 33% Utilities. Unit 2 Located On The Second Floor Was Refreshed In 2021 With Updated Flooring And Vanity And Is Currently Vacant, Providing An Excellent Opportunity To Set Market Rent Or Move In. Unit 3 The Rear Ground Floor Unit Provides Stable All-Inclusive Income At $1,100/Month. Tenants Are Excellent And On Month-To-Month Leases, Offering Flexibility To Optimize Rents Over Time. Key Updates Include Shingles (2016), Windows, Electrical Wiring, And Portions Of The Plumbing. As An Added Bonus, A Separately Severed Side Lot Is Available With Concept Plans Showing Potential For A Triplex Or Sixplex Development, Creating A Unique Opportunity For Those Looking To Combine Immediate Cash Flow With Future Growth. (id:64974)
Quick Facts
- Property Type: Triplex (Freehold)
- Bedrooms: 3
- Bathrooms: 3
- Living Area: 1,586 sq ft (147.3 m²)
- Above Grade: 1,586 sq ft (147.3 m²)
- Ownership: Freehold
- Attached: Yes
- Parking: 2.0 spaces (Detached Garage)
- Frontage: 40 ft (12.2 m)
Costs
- Annual Taxes: $2,700.00
Listing Provided by: Rock Star Real Estate Inc.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air
- Cooling: None
- Basement: Unfinished, Full
Exterior & Construction
- Exterior: Stucco
- Foundation: Block
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Frontage: 40 ft (12.2 m)
- Zoning: RM1
Community & Neighbourhood
- Subdivision: 772 - Broadway
Listing Information
Listing History
MLS listing activity for 26 ALBINA Street, Welland, Ontario, L3C1P3 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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Mortgage & Cost Calculators
Nearby Homes ?Nearby Homes — Search CriteriaSearch Radius1 kmPrice Range±30%Match BedroomsNoMatch BathroomsNo
11 ALBINA Street, Welland
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105 BALD Street, Welland
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113 NIAGARA Street, Welland
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20 AVENUE Place, Welland
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22 GRIFFITH Street, Welland
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185 DENISTOUN Street Unit# 126, Welland
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26 ALBINA Street, Welland, Ontario, L3C1P3