bungalow featuring a metal roof and driveway Features: metal roof, lawn, fence, downspout, horizontal siding, concrete foundation, parking pad, driveway More Photos

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    For Sale - 428 THOROLD Road, Welland, Ontario

    Est payment $3,025/mo
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    Views   2
    Time on Jump  19 day

    AI Summary *

    • Turnkey legal triplex in a prime Welland location for reliable income.
    • Corner lot with ample outdoor space and parking for ten vehicles.
    • Three self-contained units, each with separate hydro meters and in-suite laundry.
    • Extensive recent upgrades, including full legalization and renovations in lower unit.
    • Perfect for investors or buyers looking to live and rent simultaneously.




    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 (tenanted 1,350 + 20% utilities). 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, and in-suite laundry (vacant with estimated market rent of $1,575 + 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 IDX13445010
    Address428 THOROLD Road
    CityWelland, Ontario
    Price$629,990
    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.

    * 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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    428 Thorold Road
    Welland , Ontario
    5 3 $629,990
    Get more info