Axis Realty Brokerage


256 Lincoln Street Welland, Ontario L3B 4N1


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9 Bedroom 5 Bathroom 3028
Window Air Conditioner


ATTENTION INVESTORS, RARE OPPORTUNITY! Incredible Investment Opportunity To Own Or Live In One Unit And Rent The Other Four Units With This LEGAL 5-PLEX! Seperately Metered Utilities. Recent Renos: Unit 5 (2019), Stucco (2011), Roof (2014), Windows & Waterproofing (2018), Owned x2 Water Heater (2015). No Rental Contracts, All Equipment Is Owned. NOI $14,395.81, Gross Rents $63,984.00/Year Plus $2400 Laundry, With 1 Unit Vacant July 2022. Cap 4.85%. Full List Of Financials Available. Situated In A Mature Neighbourhood Within Walking Distance To Downtown, Parks, Several Restaurants & Shops, Schools, Hospital/Medical, Library And Transit. Square Footage Is Approximate. (id:46442)

Property Details

MLS® Number 40276447
Property Type Multi-family
Amenities Near By Place Of Worship, Public Transit, Schools, Shopping
Communication Type High Speed Internet
Equipment Type None
Features Southern Exposure, Laundry- Coin Operated
Parking Space Total 9
Rental Equipment Type None
Structure Shed


Bathroom Total 5
Bedrooms Total 9
Appliances Microwave Built-in
Basement Development Partially Finished
Basement Type Full (partially Finished)
Constructed Date 1910
Construction Material Concrete Block, Concrete Walls
Construction Style Attachment Detached
Cooling Type Window Air Conditioner
Exterior Finish Concrete, Stucco
Fire Protection Smoke Detectors
Stories Total 2
Size Interior 3028
Utility Water Municipal Water


Detached Garage


Access Type Road Access, Highway Access, Highway Nearby
Acreage No
Land Amenities Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 100 Ft
Size Frontage 53 Ft
Size Irregular 0.122
Size Total 0.122 Ac|under 1/2 Acre
Size Total Text 0.122 Ac|under 1/2 Acre
Zoning Description Rl2


Cable Available
Electricity Available
Natural Gas Available
Telephone Available