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$399,900
Welland
136 Regent Street, Welland (Welland Downtown), Ontario, L3B4H8
This multi-family property in Welland is for sale offering roughly 1,314 sq ft of space. It has been on the market 1 day, fresher than the Welland average of 88 days.
A turnkey, fully tenanted duplex in the heart of downtown Welland. The 2-bedroom units rents for $1,409/month and the 1-bedroom for $1,178/month, both plus hydro and gas, for $31,044 in gross annual rent. Both units are separately metered, so tenants pay their own hydro and gas. Owner costs are just water, taxes and insurance, about $6,777 a year, for a net operating income of roughly $24,267 before vacancy and maintenance. Major items are covered, including a 2024 roof and updated electrical and a 2025 hot water tank in Unit 2. Both units have 100-amp breaker panels with copper wiring, and plumbing is copper, ABS and PEX. The walkable location near the Farmer's Market, shopping, schools and transit keep rental demand steady. The income and expense summary is available on request. (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 1 day on market, against an average age of 88 days across the listings currently for sale in this city
This multi-family in Welland (Welland Downtown) has been listed for 1 day, which is 87 days fresher than the city average of 88. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $399,900, about 6.0× the local median household income of $66,500.
Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — roughly 17% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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