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$ 679,900
Est. payment /mo
Active
428 THOROLD Road Welland, ON L3C3W6
5 Beds
3 Baths
1,450 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1450
Square Footage 1,450 sqft
Price per Sqft $468
Subdivision 767 - N. Welland
MLS® Listing ID 40824690
Bedrooms 5
Year Built 1948
Property Sub-Type Freehold
Property Description
Turnkey LEGAL TRIPLEX in the heart of Welland delivering strong, reliable income. Situated on an exceptional 60 x 153 ft corner lot, this property offers rare outdoor space and the potential for up to 10-car parking, ideal for tenants and future flexibility. This well maintained building features three self-contained units, each with separate hydro meters and private in-suite laundry, a highly desirable setup for both investors and end-users. A shared front foyer provides access to the main and upper units, while the lower unit enjoys a separate rear entrance for added privacy. A sump pump has also been installed for added peace of mind. **UNIT 1 is bright featuring a comfortable living space, eat-in kitchen, one bedroom, four-piece bath, and its own laundry (Currently Vacant market rent $1,400 + 30% utilities) offering immediate leasing or owner-occupancy potential. **UNIT 2 offers both main floor and 2nd floor living, a spacious layout with a large living area, oversized kitchen with ample cabinetry, two bedrooms, and a four-piece bathroom (Tenanted $1,650 + 40% utilities). **The LOWER UNIT 3 is a 2 bed room, fully finished with a newer kitchen, updated bathroom, and modern flooring, offering a large living area, dedicated dining space, and in-suite laundry (Currently Vacant market rent $1,575 + 30% utilities). Ideal for investors seeking a low-maintenance asset with strong cash flow, or buyers looking to live in one unit while generating rental income. Extensive upgrades include full legalization of Triplex in 2023 with a 200-amp electrical panel, upgraded 1? plumbing, and complete renovation of the lower unit (kitchen, bath, flooring, paint, fixtures). In 2026, the upper unit was further improved with a new kitchen, doors, baseboards, and fresh paint throughout. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 10
Garage No
Private Pool No
Building
Story 1.5
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Rock Star Real Estate Inc.