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 (Buyer To Complete Due Diligence), Creating A Unique Opportunity For Those Looking To Combine Immediate Cash Flow With Future Growth. (id:15069)
| MLS® Number | 40824707 |
| Property Type | Single Family |
| Parking Space Total | 2 |
| Bathroom Total | 3 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Architectural Style | 2 Level |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Stucco |
| Fire Protection | Smoke Detectors |
| Foundation Type | Block |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,586 Sqft |
| Type | House |
| Utility Water | Municipal Water |
| Detached Garage |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 99 Ft |
| Size Frontage | 40 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rl2 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 4pc Bathroom | 7'5'' x 6'0'' | ||
| Second Level | Bedroom | 9'2'' x 9'1'' | ||
| Second Level | Living Room | 13'9'' x 15'8'' | ||
| Second Level | Kitchen | 9'8'' x 9'0'' | ||
| Main Level | 4pc Bathroom | 4'11'' x 6'4'' | ||
| Main Level | Kitchen | 6'11'' x 7'2'' | ||
| Main Level | Living Room | 14'0'' x 11'6'' | ||
| Main Level | Bedroom | 12'3'' x 10'0'' | ||
| Main Level | 4pc Bathroom | 6'3'' x 6'6'' | ||
| Main Level | Bedroom | 8'5'' x 11'0'' | ||
| Main Level | Living Room | 7'10'' x 9'8'' | ||
| Main Level | Kitchen | 10'0'' x 7'9'' |
https://www.realtor.ca/real-estate/29669063/26-albina-street-welland
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