428 Thorold Road Welland, Ontario L3C 3W6

5 Bedroom 3 Bathroom 1,100 - 1,500 sqft
Central Air Conditioning Forced Air

$679,900

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. (id:15069)

Property Details

MLS® Number X13055178
Property Type Multi-family
Community Name 770 - West Welland
Features Irregular Lot Size, Sump Pump
Parking Space Total 10

Building

Bathroom Total 3
Bedrooms Above Ground 5
Bedrooms Total 5
Age 31 To 50 Years
Appliances Dishwasher, Dryer, Stove, Washer, Refrigerator
Basement Development Finished
Basement Type Full (finished)
Cooling Type Central Air Conditioning
Exterior Finish Aluminum Siding
Foundation Type Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1,100 - 1,500 Sqft
Type Other
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 152 Ft ,10 In
Size Frontage 60 Ft ,2 In
Size Irregular 60.2 X 152.9 Ft
Size Total Text 60.2 X 152.9 Ft|under 1/2 Acre
Zoning Description Rl1

Rooms

Level Type Dimensions
Second Level Bedroom 4.32 m x 1.93 m
Second Level Bedroom 2 4.42 m x 3.33 m
Second Level Bedroom 3 2.79 m x 2.26 m
Lower Level Kitchen 3.89 m x 2.87 m
Lower Level Bathroom 1.91 m x 1.91 m
Lower Level Living Room 5.69 m x 3.96 m
Lower Level Bedroom 3.71 m x 2.24 m
Lower Level Bedroom 2 3.12 m x 3.61 m
Main Level Kitchen 5.79 m x 4.27 m
Main Level Bedroom 3.35 m x 3.96 m
Main Level Bedroom 2 2.74 m x 1.83 m
Main Level Kitchen 3.96 m x 2.34 m
Main Level Living Room 4.14 m x 3.48 m

https://www.realtor.ca/real-estate/29669125/428-thorold-road-welland-west-welland-770-west-welland

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