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    For Sale - 256 Lincoln Street, Welland, Ontario

    Est payment $5,042/mo
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    Views   2
    Time on Jump  163 day

    AI Summary *

    • Turnkey, income-generating property with 5 residential units in a prime location.
    • Recent capital improvements, including a new hot water heating system for efficiency.
    • Updated units with new flooring and fresh paint for tenant comfort.
    • Walkable to major shopping, schools, and scenic Welland Canal paths.
    • On-site parking and double car garage with rental income potential.




    A turnkey, income generating property in the heart of welland. This exceptionally well maintained, 5-unit residential apartment building sits in a highly desirable central location, offering strong rental appeal and long-term value, with significant recent capital improvements including a new hot water heating system (2024), newer vinyl thermo windows 2018, and with on-site laundry for all tenants. Most units feature updated flooring and fresh paint, while the exterior stucco 2021 is in excellent condition reflecting the pride of ownership. Tenants benefit from an unbeatable location within walking distance to a major shopping plaza on lincoln st., two elementary schools, the scenic welland canal walking and cycling paths, and vibrant downtown amenities. This property is also serviced by the niagara region wide bus route, making it attractive to a broad tenant base. Additional highlights include separate hydro meters, on site parking, and a double car garage at the rear of the property with the potential to generate an additional $1,200 annually by renting out half the garage space. Currently tenanted by quality, reliable residents, this solid and centrally located multi-unit investment asset represents a rare find in one of niagara's growing communities.
    Listing IDX13125466
    Address256 Lincoln Street
    CityWelland, Ontario
    Price$1,049,900
    Bed / Bath9 / 5 Full
    Style2-Storey, Multiplex
    ConstructionStone
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Separate Hydro MeterOutdoor Features Landscape Lighting, Patio, DeckAmenities Hospital, Place Of Worship, Public Transit, SchoolOwnership FreeholdBasement Separate Entrance, Partially Finished, OtherFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 9.00
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    Listing Brokerage: REAL BROKER ONTARIO LTD.

    * 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.

    Hospital
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    256 Lincoln Street
    Welland , Ontario
    9 5 $1,049,900
    Get more info