Homes for Sale in Niagara Region—

Residential Income For Sale

2,250 Sqft - 51 Lyons Avenue, Welland, Ontario L3B 1L8

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Property Description

Turn key money maker !!! – Solid and meticulously kept 5 Unit building located in fabulous neighbourhood close to park, public transit & shops + quick & convenient highway access. Fully occupied w/ NOI of $52,799.86 / year with great upside for future Rents. (Unit#1 (2 Bdrm ) – $1444.66, Unit #2 (1 Bdrm) – $666.84, Unit #3 (1 Bdrm) $896.87, Unit #4 (1 Bdrm) $1230, Unit #5 (1 Bdrm) – $1275. Units are super clean – building has newer 40yr roof (2018), updated furnace (2021) , updated copper & ABS plumbing & electrical + windows replaced (2019). Freshly painted stucco exterior + Updates within the units include : 4 of the 5 units have new vinyl plank floors, 2 have new kitchens. All units have excellent layouts + street parking permitted.

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 40565359
Price : $799,900
Bedrooms : 6
Square Footage : 2,250 Sqft
Square Footage : 2,950 Sqft
Status : Active
Property SubType : Multi-5 Unit
Features
Heating System : Forced Air, Natural Gas
Cooling System : Central Air
Basement : Full, Finished, Walk-up Access, Separate Entrance
Fence : Full
Patio : Patio, Enclosed
Parking : 3
Electric Expense : $3,086
Interior Features : Separate Hydro Meters
Lot Features : Quiet Area, Rectangular, Highway Access, Schools, Park, Place Of Worship, Playground Nearby, Public Parking, Public Transit, School Bus Route, Shopping Nearby
Parking Features : Asphalt, Public
Roof : Asphalt Shing
Security Features : Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s)
Sewer : Sewer (municipal)
Address
Province : Ontario
Region : Niagara
City : Welland
Neighbourhood : Welland
Postal Code : L3B 1L8
Street : 51 Lyons Avenue
Floor Number : 0
Directions : MAIN STREET TO LYONS AVENUE
Additional MLS Details
Office Name : COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
Agent Name : Stewart Mceachern
Architectural Style : 1 Storey/apt
Construction Materials : Stucco
Foundation Details : Block
Frontage Type : West
Inclusions : Carbon Monoxide Detector, Smoke Detector
Agent MlsId : NINR3485
Office MlsId : NI323
New Construction : 1
Number Of Units : 5
Senior Community : 1
Stories Total : 2
Water Source : Municipal
Zoning : RL1
MLSAreaMinor : 773 - Lincoln/Crowland
Residential Income For Sale
  • Listing ID : 40565359
  • Bedrooms : 6
  • Square Footage : 2,250 Sqft
$799,900
Contact Agent
Contact Agent

Address

Royal LePage NRC Realty Compass Estates
33 Maywood Avenue
St. Catharines, ON
L2R 1C5

Administrative Office

1 Keefer Road
St. Catharines, ON
L2M 7N9

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