$999,900

For sale

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13/15 Duncan Street West, Welland (Lincoln/Crowland) - Multi-family for Sale

13/15 Duncan Street West, Welland (Lincoln/Crowland), Ontario, L3B2C5

8 beds5 baths8 parking ft²

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5 bd3 ba5 pk1,300 ft²Lot size 23 × 166 ft (3,818 sq ft)

Listed by TRIMAXX REALTY LTD.

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26 Balmoral Avenue, Welland (Lincoln/Crowland), Ontario, L3B1S4

6 bd3 ba4 pk1,750 ft²Lot size 60 × 80 ft (4,800 sq ft)

89 Sixth Street, Welland (Lincoln/Crowland), Ontario, L3B5A7

2,917 ft²Lot size 35 × 66 ft (2,302 sq ft)

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE

For sale

21 days ago

$1.50M

89 Sixth Street, Welland (Lincoln/Crowland), Ontario, L3B5A7

8 bd5 ba5 pk3,250 ft²Lot size 35 × 67 ft (2,328 sq ft)

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE

Investment analysis

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$999,900

Welland

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Description

A unique investment opportunity! Together, 13 and 15 Duncan Street offer approximately 65 feet of combined frontage by 165 feet of depth. The package includes two fully renovated and currently rented dwellings at 13 Duncan Street, completed with permits and featuring new underground electrical service, windows, roofing, heating and cooling systems, kitchens, bathrooms, and a fully fenced property. Also included is 15 Duncan Street, a gutted former duplex offering several potential renovation and conversion possibilities. Both properties must be purchased together as one complete package. (id:66096)

Property Details

MLS®: X13751816
Property Type: Multi-family
Zoning: RL2
Bedrooms: 8
Beds (above / below): 8 above · 0 below
Bathrooms: 5
Half Baths: 1
Parking: 8
Interior Size: 2,750 ft²
Lot Size: 65 × 165 ft (10,725 sq ft)
Frontage: 65 ft
Basement: Full, Partial
Heating: Forced air, Natural gas, Other, Other
Cooling: Central air conditioning
Garage: No Garage
Property Tax: $5,200/yr
Listed: 57 days ago

Area context

Neighbourhood profile (L3B)

This home lists at $999,900, about 15.0× the local median household income of $66,500.

Carrying it typically needs a household income of about $195,315 (20% down, 25-yr amortization, stress-tested) — roughly 194% above the area median.

Median household income: $66,500
Population: 25,869
Median age: 43.2
Owner / renter: 66% / 35%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L3B)

$999,900· $364/ft²

For sale

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Full Cost Breakdown

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Down Payment7.50% · $74,990

Min 7.50%50%

Mortgage payment$5,128/mo

↳ CMHC premium ($36,996 capitalized)

Property tax (est.)$433/mo

Total monthly$5,561

Cash Needed to Close

Down payment (7.50%)$74,990

Land transfer tax$16,473

Est. closing costs$5,500

Total cash needed$96,963

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

13/15 Duncan Street West, Welland (Lincoln/Crowland) - Multi-family for Sale

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