Property Information:

Exceptional Vacant Multi-Unit Investment Property - East Welland - Rare opportunity to acquire a vacant multi-unit property in the sought-after East Welland area. Situated on an impressive 231-foot deep lot, this property features two separate residential buildings offering excellent income potential and flexibility for investors or owner-occupiers. The main dwelling is configured as a duplex, consisting of :One 1-bedroom unit, One 2-bedroom unit. At the rear of the property is a self-contained backyard cottage featuring a 2-bedroom unit, ideal for additional rental income or extended family use. Property Features : Three total residential units Fully vacant - immediate possession available Extra-deep 231 ft lot Separate electrical breaker panels for both buildings Two hot water tanks (one owned, one rental) Excellent opportunity to set market rents or occupy one unit while generating income from others Conveniently located close to schools, shopping, transit, and amenities. A solid addition to any investment portfolio with strong long-term potential. Property has been fire and electrical inspected in 2017. There are 3 off street parking spaces. Located close to 406 for quick highway access. (id:27)

Building Features:

Style: Triplex
Building Type: Triplex
Amenities: Separate Hydro Meters, Separate Heating Controls
Basement Development: Unfinished
Basement Type: Crawl space, Partial, N/A
Exterior Finish: Vinyl siding
Floor Space: 1500 - 2000 sqft
Foundation Type: Unknown
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances:

Property Features:

Property Type: Multi-family
Bedrooms: 5
Bathrooms: 3
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Depth: 231 Feet
Lot Frontage: 33 Feet
Lot Size: 33 x 231 FT
Zoning: rl2
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 3

Rooms:

Kitchen 2nd Level 2.90 m x 1.90 m
Bathroom 2nd Level 1.70 m x 1.57 m
Living 2nd Level 3.02 m x 3.65 m
Bedroom 2nd Level 3.30 m x 3.63 m
2nd Bedroom 2nd Level 2.94 m x 2.54 m
Kitchen Main Level 2.60 m x 3.93 m
Bathroom Main Level 2.30 m x 3.50 m
Dining Main Level 3.20 m x 3.70 m
Living Main Level 3.60 m x 3.70 m
Bedroom Main Level 3.10 m x 3.30 m
2nd Bedroom Main Level 3.10 m x 2.97 m
Kitchen Main Level 3.90 m x 2.54 m
Living Main Level 4.10 m x 3.34 m
Bedroom Main Level 3.35 m x 3.96 m
Bathroom Main Level 1.32 m x 1.83 m

Convert Measurement to:

Courtesy of: FLYNN REAL ESTATE INC.

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Demographic Information of 24 EMPIRE STREET, Welland, Ontario, L3B 2L2

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$81,184.07

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.54 %

High school certificate or equivalent

34.08 %

Apprenticeship trade certificate/diploma

7.45 %

College/non-university certificate

26.96 %

University Degree

6.97 %

Commuter

Travel To Work

By Car

86.25 %

By Public Transit

3.88 %

By Walking

5.1 %

By Bicycle

0.0 %

By Other Methods

4.77 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

33.42 %

Houses

66.58 %

24 EMPIRE STREET, Welland, Ontario, L3B 2L2