$450,000
Available - For Sale
Listing ID: X13524082
136 Regent Street , Welland, L3B 4H8, Niagara
| Attention investors and savvy buyers! This separate metered duplex in the heart of downtown Welland offers strong rental income and excellent long-term potential. Ideally located just steps to the Welland Farmers' Market, restaurants, shopping, parks, schools and public transit, this property combines convenience with cash flow.The front unit features 2 spacious bedrooms and rents for $1,409/month, while the rear unit offers 1 bedroom plus a den/home office and rents for $1,178/month, generating a gross annual income of $31,044. Based on the current income and operating expenses, the property offers an approximate 5.4% cap rate. Separate hydro and gas meters help reduce operating expenses, making this an attractive investment.The unfinished basement provides laundry and additional storage space. Situated on a 33 x 132 ft lot, the front tenant enjoys exclusive use of the covered front porch while the rear tenant has access to the private backyard.Whether you're looking to expand your investment portfolio, live in one unit while offsetting your mortgage with rental income, or add a duplex to your holdings, this property is an opportunity you won't want to miss.Approximate cap rate is based on current rental income and annual operating expenses as provided by the Seller. Buyers are advised to complete their own due diligence and verify all financial information. |
| Price | $450,000 |
| Taxes: | $2556.25 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 136 Regent Street , Welland, L3B 4H8, Niagara |
| Postal Code: | L3B 4H8 |
| Province/State: | Niagara |
| Directions/Cross Streets: | King Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 1314.00 |
| Total Area Code: | Square Feet |
| Water Expense: | $2400 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Partial |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX NIAGARA REALTY LTD, BROKERAGE |
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Welland |
| Neighbourhood: | 768 - Welland Downtown |
| Tax: | $2,556.25 |
| Fireplace: | N |
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