428 THOROLD Road, Welland, ON L3C 3W6, Welland, ON, L3C 3W6
MLS: X13055178 | Multiplex
$679,900
Property Description
Turnkey Legal Triplex In The Heart Of Welland Offering Strong, Reliable Income And Exceptional Future Potential. Situated On A Rare 60 X 153 Ft Corner Lot, This Property Provides Ample Outdoor Space And Parking For Up To 10 Vehicles, A Highly Desirable Feature For Tenants And Long-Term Flexibility. This Well-Maintained Building Features Three Self-Contained Units, Each With Its Own Separate Hydro Meter And Private In-Suite Laundry, Allowing Tenants To Pay Their Own Electricity While Sharing Remaining Utilities (Gas And Water) On A Proportionate Basis. A Shared Front Foyer Serves The Main And Upper Units, While The Lower Unit Benefits From A Separate Rear Entrance For Added Privacy. Unit 1 Is Bright And Functional With A Spacious Living Area, Eat-In Kitchen, One Bedroom, Four-Piece Bath, And In-Suite Laundry (Vacant With Estimated Market Rent Of $1,400 + 30% Of Gas And Water). Unit 2 Spans The Main And Second Floor, Offering A Generous Layout With A Large Living Area, Oversized Kitchen With Ample Cabinetry, Two Bedrooms, And A Four-Piece Bath (Tenanted At $1,650 + 40% Of Gas And Water). The Lower Unit Features Two Bedrooms And A Fully Renovated Interior Including A Modern Kitchen, Updated Bathroom, New Flooring, Dedicated Dining Area, Spacious Living Room, And In-Suite Laundry (Vacant With Estimated Market Rent Of $1,575 + 30% Of Gas And Water). Extensive Upgrades Include Full Legalization In 2023 With A 200-Amp Electrical Panel, Upgraded 1-Inch Plumbing, And A Complete Renovation Of The Lower Unit. In 2026, The Upper Unit Was Further Improved With A New Kitchen, Doors, Baseboards, And Fresh Paint Throughout. Ideal For Investors Seeking A Low-Maintenance, High-Performing Asset Or Buyers Looking To Live In One Unit While Generating Significant Rental Income.
Quick Facts
- Property Type: Multiplex
- Style: 1 1/2 Storey
- Bedrooms: 5 (5 above)
- Bathrooms: 3
- Attached: Yes
- Parking: 10.0 spaces (Private Double)
Costs
- Annual Taxes: $3,360.00 (2025)
Listing Provided by: ROCK STAR REAL ESTATE INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Central Air
- Basement: Finished, Full
Exterior & Construction
- Style: 1 1/2 Storey
- Roof: Metal
- Construction: Aluminum Siding
- Foundation: Concrete
- Sewer: Sewer
Lot & Land
- Pool: None
- Zoning: RL1
Community & Neighbourhood
- Neighbourhood: 770 - West Welland
Listing Information
Listing History
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
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428 THOROLD Road, Welland, ON L3C 3W6, Welland, ON, L3C 3W6