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Royal LePage
Royal LePage
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$699,900

196 ROSS Street, Welland, Ontario, L3B 2N3

MLS® # 40803252

Welland ON, L3B 2N3

MLS® # 40803252

Property Information:

Welcome To An Excellent Investment Opportunity In The Heart Of Welland! This Solid Fourplex Is A Rare Find For Savvy Investors Looking To Add A Multi-Unit Property To Their Portfolio. Over +$72k in annual income, cashflow machine! Featuring Separate Hydro Meters For Each Unit Plus A House Meter, This Property Offers Added Convenience And Long-Term Cost Efficiency. This Multi-Unit Property Is Zoned Residential Medium Density (RM), Allowing For Excellent Flexibility And Future Potential. Mechanically updated w/ breaker panel, vinyl windows, boiler & roof shingles! Ideally Located On Ross Street In A Mature, Central Neighbourhood, This Property Is Close To Public Transit, Schools, Parks, Shopping, And Everyday Amenities. Minutes To Downtown Welland, The Welland Canal, Niagara College, And Easy Access To Major Roads Connecting You To Niagara Falls, St. Catharines, And Hwy 406. With Strong Rental Demand In The Area And A Growing Community, This Fourplex Presents An Excellent Opportunity For Steady Cash Flow And Future Appreciation. A Smart Addition To Any Investment Portfolio In One Of Niagara’s Up And-Coming Markets. (id:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish: Other
  • Floor Space: 2220 sqft
  • Heating Type: Radiant heat

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 6
  • Bathrooms: 4
  • Built in: 1950
  • Features: Laundry- Coin operated
  • Floor Space (approx): 2220 Square Feet
  • Lot Depth: 134 Feet
  • Lot Frontage: 40 Feet
  • Zoning: G1, RM
  • Sewer: Municipal sewage system
  • Parking Type: Open
  • No. of Parking Spaces: 4

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 196 ROSS Street, Welland, Ontario, L3B 2N3

Demographic Information of 196 ROSS Street, Welland, Ontario, L3B 2N3

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$94,570.29

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.66 %

High school certificate or equivalent

35.3 %

Apprenticeship trade certificate/diploma

7.62 %

College/non-university certificate

30.03 %

University certificate (below bachelor)

0.08 %

University Degree

8.31 %

Commuter

Travel To Work

By Car

90.96 %

By Public Transit

0.01 %

By Walking

0.46 %

By Bicycle

0.0 %

By Other Methods

8.57 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

8.49 %

Houses

91.51 %

Own Vs. Rent

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