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240-242 EAST MAIN STREET, Welland (Welland Downtown) — listed at $1,399,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
242 East Main Street, Welland - 7-Unit Residential Income Property. Exceptional investor opportunity in the heart of Welland. This income property offers 7 self-contained residential units, ideally positioned for a buyer looking to build or expand their Niagara portfolio. Property generates over $75K net income/year. The unit mix provides strong versatility and broad tenant appeal: 4 x 2-bedroom, 1 x 1-bedroom, and 2 studio suites - catering to singles, couples, and small families alike. Located in Welland, Ontario, a growing rental market with consistent tenant demand driven by Niagara College, healthcare, and manufacturing employment. Easy access to Highway 406 and the broader Niagara Region makes this an attractive option for a wide range of renters. (id:60164)
Is 240-242 EAST MAIN STREET a good fit for a growing family?+
With 3 bedrooms (3000 sq ft), there's room for kids plus a guest room or home office.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,629, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What makes this a luxury property?+
At $1,399,000, standout features include 3000 sq ft. In this price range, expect higher-end finishes — verify during a showing.
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