ON > Welland > 768 - Welland Downtown
Welland, ON L3B4B2,23 AVENUE Place
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Welland, ON L3B4B2,23 AVENUE Place
Welland, ON L3B4B2,23 AVENUE Place
Welland, ON L3B4B2,23 AVENUE Place
Welland, ON L3B4B2,23 AVENUE Place
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AJ Hazzi

AJ Hazzi

+1(250) 717-3133
$ 539,000
Est. payment /mo
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23 AVENUE Place Welland, ON L3B4B2

5 Beds

3 Baths

2,821 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,821 sqft

Price per Sqft $191

Subdivision 768 - Welland Downtown

MLS® Listing ID 40774749

Bedrooms 5

Property Sub-Type Freehold

Source Cornerstone Association of REALTORS®

Property Description

Legal Triplex! Located downtown Welland, a well maintained home and ready to be leased. The units are vacant and when rented it makes an exceptional cash flow positive investment. When it was rented in 2024, the property was grossing $56,700.00 annually and is now offered at a 7% cap rate. Unit 1 (2-beds) was renting for $1,750, Unit 2 (3-beds) for $1,650.00, and unit 3 (bachelor) for $1,300.00. Located just steps from the vibrant Welland Farmers' Market, Merritt Island Park, the Welland River, and the city's revitalized downtown core, this charming turn-of-the-century home is ideally located for convenience and lifestyle. Live in one unit while generating rental income from the others, or co-purchase with a partner to build equity together. The home has been well maintained and retains much of its original charm, while offering updated functionality. Updates: Main floor electrical (2024), Bathroom Renovated 3rd floor (2025), New Appliances in 3rd floor (2025), Insulated 2nd floor ceiling to improve with sound from top floor (2025). Coined washer and dryer are not included but available for purchase if needed. Boiler has been serviced every year. Separate hydro and gas meters and three hot water heaters. This is a solid house and investment. (id:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 10'6'' x 6'11'' Sunroom

Extra Room 2 Second level 5'5'' x 6'8'' 3pc Bathroom

Extra Room 3 Second level 10'9'' x 11'10'' Bedroom

Extra Room 4 Second level 11'3'' x 11'10'' Bedroom

Extra Room 5 Second level 10'7'' x 14'3'' Bedroom

Extra Room 6 Second level 9'2'' x 6'1'' Kitchen

Interior

Cooling None

Fireplaces Number 1

Fireplaces Type Other - See remarks

Exterior

Parking Features Yes

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Story 2.5

Sewer Municipal sewage system

Others

Ownership Freehold

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Listed by Coldwell Banker Community Professionals
AJ Hazzi

AJ Hazzi

Broker | License ID: 1390206

+1(250) 717-3133

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