26 Albina Street Welland, Ontario L3C 1P3

3 Bedroom 3 Bathroom 1,586 sqft
2 Level None Forced Air

$499,900

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)

Property Details

MLS® Number 40824707
Property Type Single Family
Parking Space Total 2

Building

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

Parking

Detached Garage

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 99 Ft
Size Frontage 40 Ft
Size Total Text Under 1/2 Acre
Zoning Description Rl2

Rooms

Level Type 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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