428 Thorold Road Welland, Ontario L3C 3W6

$679,900

Turnkey Legal Triplex In The Heart Of Welland Offering Strong, Reliable Income And Exceptional Future Potential. Situated On A Rare 60 X 153 Ft Corner Lot, This Property Provides Ample Outdoor Space And Parking For Up To 10 Vehicles, A Highly Desirable Feature For Tenants And Long-Term Flexibility. This Well-Maintained Building Features Three Self-Contained Units, Each With Its Own Separate Hydro Meter And Private In-Suite Laundry, Allowing Tenants To Pay Their Own Electricity While Sharing Remaining Utilities (Gas And Water) On A Proportionate Basis. A Shared Front Foyer Serves The Main And Upper Units, While The Lower Unit Benefits From A Separate Rear Entrance For Added Privacy. Unit 1 Is Bright And Functional With A Spacious Living Area, Eat-In Kitchen, One Bedroom, Four-Piece Bath, And In-Suite Laundry (Vacant With Estimated Market Rent Of $1,400 + 30% Of Gas And Water). Unit 2 Spans The Main And Second Floor, Offering A Generous Layout With A Large Living Area, Oversized Kitchen With Ample Cabinetry, Two Bedrooms, And A Four-Piece Bath (Tenanted At $1,650 + 40% Of Gas And Water). The Lower Unit Features Two Bedrooms And A Fully Renovated Interior Including A Modern Kitchen, Updated Bathroom, New Flooring, Dedicated Dining Area, Spacious Living Room, And In-Suite Laundry (Vacant With Estimated Market Rent Of $1,575 + 30% Of Gas And Water). Extensive Upgrades Include Full Legalization In 2023 With A 200-Amp Electrical Panel, Upgraded 1-Inch Plumbing, And A Complete Renovation Of The Lower Unit. In 2026, The Upper Unit Was Further Improved With A New Kitchen, Doors, Baseboards, And Fresh Paint Throughout. Ideal For Investors Seeking A Low-Maintenance, High-Performing Asset Or Buyers Looking To Live In One Unit While Generating Significant Rental Income. (id:55460)

Property Details

MLS® Number	X13055178
Property Type	Multi-family
Community Name	770 - West Welland
Features	Irregular Lot Size, Sump Pump
Parking Space Total	10

Building

Bathroom Total	3
Bedrooms Above Ground	5
Bedrooms Total	5
Age	31 To 50 Years
Appliances	Dishwasher, Dryer, Stove, Washer, Refrigerator
Basement Development	Finished
Basement Type	Full (finished)
Cooling Type	Central Air Conditioning
Exterior Finish	Aluminum Siding
Foundation Type	Concrete
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	1,100 - 1,500 Ft2
Type	Other
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	152 Ft ,10 In
Size Frontage	60 Ft ,2 In
Size Irregular	60.2 X 152.9 Ft
Size Total Text	60.2 X 152.9 Ft|under 1/2 Acre
Zoning Description	Rl1

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Bedroom	4.32 m	1.93 m	4.32 m x 1.93 m
Second Level	Bedroom 2	4.42 m	3.33 m	4.42 m x 3.33 m
Second Level	Bedroom 3	2.79 m	2.26 m	2.79 m x 2.26 m
Lower Level	Kitchen	3.89 m	2.87 m	3.89 m x 2.87 m
Lower Level	Bathroom	1.91 m	1.91 m	1.91 m x 1.91 m
Lower Level	Living Room	5.69 m	3.96 m	5.69 m x 3.96 m
Lower Level	Bedroom	3.71 m	2.24 m	3.71 m x 2.24 m
Lower Level	Bedroom 2	3.12 m	3.61 m	3.12 m x 3.61 m
Main Level	Kitchen	5.79 m	4.27 m	5.79 m x 4.27 m
Main Level	Bedroom	3.35 m	3.96 m	3.35 m x 3.96 m
Main Level	Bedroom 2	2.74 m	1.83 m	2.74 m x 1.83 m
Main Level	Kitchen	3.96 m	2.34 m	3.96 m x 2.34 m
Main Level	Living Room	4.14 m	3.48 m	4.14 m x 3.48 m

https://www.realtor.ca/real-estate/29669125/428-thorold-road-welland-west-welland-770-west-welland