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366 CROWLAND AVENUE, Welland (Lincoln/Crowland) — listed at $799,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
All-brick 2-storey multi-residential building in the heart of Welland! This solid investment property features four fully finished 2-bedroom, 1-bathroom units, plus a full basement with two additional units that are approximately 75% complete. With proper city approvals and permits, the building can be completed as a legal 6-unit property, offering excellent value-add potential. Major updates have already been taken care of, including a brand-new tankless boiler system, upgraded main electrical wiring, and a full sprinkler system with alarm. A recent fire inspection and approved fire plan ensure compliance with current safety standards and reduce future risk. A detached double garage provides the option for additional income or secure storage. Located near schools, shopping, and public transit, this is the perfect opportunity for investors seeking both strong rental income and future growth potential in a desirable area of Welland. (id:60164)
Who is 366 CROWLAND AVENUE best suited for?+
With null bedrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
Is there air conditioning?+
Yes — fully air conditioned cooling is in place.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,815, 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.
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