428 THOROLD Road, Welland, Ontario, L3C3W6

Property Description

Turnkey LEGAL TRIPLEX in the heart of Welland delivering strong, reliable income. Situated on an exceptional 60 x 153 ft corner lot, this property offers rare outdoor space and the potential for up to 10-car parking, ideal for tenants and future flexibility. This well maintained building features three self-contained units, each with separate hydro meters and private in-suite laundry, a highly desirable setup for both investors and end-users. A shared front foyer provides access to the main and upper units, while the lower unit enjoys a separate rear entrance for added privacy. A sump pump has also been installed for added peace of mind. **UNIT 1 is bright featuring a comfortable living space, eat-in kitchen, one bedroom, four-piece bath, and its own laundry (Currently Vacant market rent $1,400 + 30% utilities) offering immediate leasing or owner-occupancy potential. **UNIT 2 offers both main floor and 2nd floor living, a spacious layout with a large living area, oversized kitchen with ample cabinetry, two bedrooms, and a four-piece bathroom (Tenanted $1,650 + 40% utilities). **The LOWER UNIT 3 is a 2 bed room, fully finished with a newer kitchen, updated bathroom, and modern flooring, offering a large living area, dedicated dining space, and in-suite laundry (Currently Vacant market rent $1,575 + 30% utilities). Ideal for investors seeking a low-maintenance asset with strong cash flow, or buyers looking to live in one unit while generating rental income. Extensive upgrades include full legalization of Triplex in 2023 with a 200-amp electrical panel, upgraded 1 plumbing, and complete renovation of the lower unit (kitchen, bath, flooring, paint, fixtures). In 2026, the upper unit was further improved with a new kitchen, doors, baseboards, and fresh paint throughout. (id:64974)

Quick Facts

• Property Type: House (Freehold)
• Bedrooms: 5 (3 above, 2 below)
• Bathrooms: 3
• Living Area: 1,450 sq ft (134.7 m²)
• Above Grade: 1,450 sq ft (134.7 m²)
• Year Built: 1948
• Ownership: Freehold
• Attached: No
• Parking: 10.0 spaces
• Frontage: 60 ft (18.3 m)

Costs

• Annual Taxes: $3,360.00

Listing Provided by: Rock Star Real Estate Inc.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.