Front porch and access to front unit More Photos

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    For Sale - 136 Regent Street, Welland, Ontario

    Est payment $2,161/mo
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    Views   3
    Time on Jump  22 day

    AI Summary *

    • Duplex in downtown Welland with strong rental income potential.
    • Front unit has 2 bedrooms, currently renting for $1,409/month.
    • Rear unit features 1 bedroom plus a den, renting for $1,178/month.
    • Separate meters for hydro and gas help reduce operating costs.
    • Unfinished basement offers laundry and additional storage space.




    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.
    Listing IDX13524082
    Address136 Regent Street
    CityWelland, Ontario
    Price$450,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Forced Air Open

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    Listing Agency:  RE/MAX NIAGARA REALTY LTD, BROKERAGE

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    136 Regent Street
    Welland , Ontario
    $450,000
    Get more info