Property Information:

Excellent duplex opportunity in the heart of Welland! Whether you're an investor looking for steady cash flow or a first-time buyer hoping to offset your mortgage, this updated duplex checks all the boxes. The property currently generates $3,300/month in rental income, with reliable tenants. Both units offer modern updates, including refreshed kitchens, bathrooms, flooring, paint, and contemporary finishes throughout. Situated on a deep lot in a convenient location close to Welland County General Hospital, schools, parks, shopping, and everyday amenities. Photos were taken prior to the current tenants moving in. A fantastic opportunity to step into the market with an income-producing property in a growing Niagara community. Zoning allows short-term rentals. Main level unit to be vacant July 1st. (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Development: Finished
Basement Type: Full
Construction Style - Attachment: Detached
Exterior Finish: Vinyl siding
Floor Space: 1292 sqft
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 2+2
Bathrooms: 3
Amenities Nearby: Hospital, Park, Public Transit, Schools
Features: Paved driveway
Fence Type: Fence
Floor Space (approx): 1292 Square Feet
Irregular: Yes
Lot Depth: 165 Feet
Lot Frontage: 40 Feet
Lot Size: 0.15 Acres
Zoning: RM2
Sewer: Municipal sewage system
Parking Type: Detached garage
No. of Parking Spaces: 4

Rooms:

Kitchen 2nd Level 11'9'' x 6'0''
Living 2nd Level 23'0'' x 10'0''
Bedroom 2nd Level 10'11'' x 9'0''
Bedroom 2nd Level 10'7'' x 10'11''
Bathroom 2nd Level 11'9'' x 5'6''
Bathroom Basement Level 9' x 7'
Primary Bedroom Basement Level 13'6'' x 13'2''
Bedroom Basement Level 9'4'' x 8'0''
Bathroom Main Level 9' x 7'
Living Main Level 14'11'' x 9'4''
Dining Main Level 4'0'' x 10'0''
Kitchen Main Level 14'0'' x 10'0''

Courtesy of: RE/MAX Escarpment Realty Inc.

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Demographic Information of 50 FIFTH Street, Welland, Ontario, L3B 4Z5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$78,700.60

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.65 %

High school certificate or equivalent

39.02 %

Apprenticeship trade certificate/diploma

7.56 %

College/non-university certificate

19.77 %

University Degree

7.99 %

Commuter

Travel To Work

By Car

81.71 %

By Public Transit

1.65 %

By Walking

3.1 %

By Bicycle

2.72 %

By Other Methods

10.82 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

31.46 %

Houses

68.54 %

50 FIFTH Street, Welland, Ontario, L3B 4Z5