For Sale - 428 THOROLD Road, Welland, Ontario

Est payment $3,265/mo
Views   1
Time on Jump  1 days
  • Turnkey triplex providing strong rental income with excellent future potential.
  • Spacious corner lot with ample outdoor space and parking for up to 10 vehicles.
  • Each unit has separate hydro meters and in-suite laundry for tenant convenience.
  • Lower unit recently renovated with modern kitchen and updated features.
  • Perfect for investors or anyone wanting to live while generating rental income.



Turnkey legal triplex in the heart of welland offering strong, reliable income and exceptional future potential. Situated on a rare 60 x 153 ft corner lot, this property provides ample outdoor space and parking for up to 10 vehicles, a highly desirable feature for tenants and long-term flexibility. This well-maintained building features three self-contained units, each with its own separate hydro meter and private in-suite laundry, allowing tenants to pay their own electricity while sharing remaining utilities (gas and water) on a proportionate basis. A shared front foyer serves the main and upper units, while the lower unit benefits from a separate rear entrance for added privacy. Unit 1 is bright and functional with a spacious living area, eat-in kitchen, one bedroom, four-piece bath, and in-suite laundry (vacant with estimated market rent of $1,400 + 30% of gas and water). Unit 2 spans the main and second floor, offering a generous layout with a large living area, oversized kitchen with ample cabinetry, two bedrooms, and a four-piece bath (tenanted at $1,650 + 40% of gas and water). The lower unit features two bedrooms and a fully renovated interior including a modern kitchen, updated bathroom, new flooring, dedicated dining area, spacious living room,575 + 30% of gas and water). Extensive upgrades include full legalization in 2023 with a 200-amp electrical panel, upgraded 1-inch plumbing, and a complete renovation of the lower unit. In 2026, the upper unit was further improved with a new kitchen, doors, baseboards, and fresh paint throughout. Ideal for investors seeking a low-maintenance, high-performing asset or buyers looking to live in one unit while generating significant rental income.
Listing IDX13055178
Address428 THOROLD Road
CityWelland, Ontario
Price$679,900
Bed / Bath5 / 3 Full
Style1 1/2 Storey, Multiplex
ConstructionAluminum Siding
TypeMulti-Family
StatusFor Sale
Subtype MultiplexIndoor Features Accessory Apartment, Sump PumpOwnership FreeholdWaterfront NoneBasement Finished, FullFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
Parking 10.00
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Listing Agency:  ROCK STAR REAL ESTATE INC.

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428 Thorold Road
Welland , Ontario
5 3 $679,900
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