Attention investors and savvy buyers! This separate metered duplex in the heart of downtown Welland offers strong rental income and excellent long-term potential. Ideally located just steps to the Welland Farmers' Market, restaurants, shopping, parks, schools and public transit, this property combines convenience with cash flow. The front unit features 2 spacious bedrooms and rents for $1,409/month, while the rear unit offers 1 bedroom plus a den/home office and rents for $1,178/month, generating a gross annual income of $31,044. Based on the current income and operating expenses, the property offers an approximate 5.4% cap rate. Separate hydro and gas meters help reduce operating expenses, making this an attractive investment. The unfinished basement provides laundry and additional storage space. Situated on a 33 x 132 ft lot, the front tenant enjoys exclusive use of the covered front porch while the rear tenant has access to the private backyard. Whether you're looking to expand your investment portfolio, live in one unit while offsetting your mortgage with rental income, or add a duplex to your holdings, this property is an opportunity you won't want to miss. Approximate cap rate is based on current rental income and annual operating expenses as provided by the Seller.
| MLS # | X13524082 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 61 |
| Listing Provided By | RE/MAX NIAGARA REALTY LTD, BROKERAGE | X13524082 322304 |
| SQ Feet | 1,314 |
|---|---|
| Acreage | 0.03 |
| Cooling | Partial |
|---|
| Utilities | Yes |
|---|
| Tax Annual Amount | 2556.25 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2026 |
| Province | ON |
|---|---|
| Region | Niagara |
| City | Welland |
| Postal Code | L3B 4H8 |
| Area | 768 Welland Downtown |
| Listing VS Median (in L3B 4H8) | |
Price: $425,000 low | high Med: $425,000 sqft: 1,314 low | high Med: 1,314 $ / sqft: $323 low | high Med: $323 On site: 61 low | high Med: 61 | |
| Province | ON |
|---|---|
| Region | Niagara |
| City | Welland |
| Postal Code | L3B 4H8 |
| Area | 768 Welland Downtown |
| Listing VS Median (in L3B 4H8) | |
Price: $425,000 low | high Med: $425,000 sqft: 1,314 low | high Med: 1,314 $ / sqft: $323 low | high Med: $323 On site: 61 low | high Med: 61 | |