$549,900

For sale

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28 Fifth Street, Welland (Lincoln/Crowland) - Multi-family for Sale

28 Fifth Street, Welland (Lincoln/Crowland), Ontario, L3B4Z5

5 beds3 baths5 parking ft²

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

50 Fifth Street, Welland (Lincoln/Crowland), Ontario, L3B4Z5

For sale

28 days ago

$525K

50 Fifth Street, Welland (Lincoln/Crowland), Ontario, L3B4Z5

4 bd3 ba4 pk1,300 ft²Lot size 40 × 165 ft (6,600 sq ft)

Listed by RE/MAX ESCARPMENT REALTY INC., BROKERAGE

Investment analysis

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$549,900

Welland

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23 × 166 ft (3,818 sq ft) lot size

Overview

This multi-family property in Welland is for sale offering roughly 1,300 sq ft of space. It has been on the market 13 days, fresher than the Welland average of 71 days.

Multi-Family Properties for Sale in Welland →All real estate in Welland →

Description

Explore the possibilities at 28 Fifth Street in Welland ! This multi unit property features two spacious two-bedroom apartments, one on the main floor and one upstairs, plus an additional lower-level unit. An appealing opportunity for investors seeking multiple rental streams or buyers considering living in one unit while renting the others. The deep lot offers outdoor space to enjoy, complemented by a detached double garage and private driveway parking. Whether you're expanding your investment portfolio or exploring an owner-occupied rental property, this versatile property deserves a closer look! (id:66096)

Property Details

MLS®: X14107482
Property Type: Multi-family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 3
Parking: 5
Interior Size: 1,300 ft²
Lot Size: 23 × 166 ft (3,818 sq ft)
Frontage: 23 ft
Storeys: 2
Basement: Finished, Full
Heating: Forced air, Natural gas
Garage: Detached Garage, Garage
Property Tax: $2,516/yr
Listed: 13 days ago

Features

Foundation: Unknown
Exterior: Stucco
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Welland (Lincoln/Crowland) listings, avg age

71d

Price / ft²

$423

List price

$550K

Haho

This 5-bed multi-family in Welland (Lincoln/Crowland) has been listed for 13 days, which is 58 days fresher than the city average of 71. Act while there is still low competition.

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Listed by TRIMAXX REALTY LTD. · CHANDIP BAL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3B)

This home lists at $549,900, about 8.3× the local median household income of $66,500.

Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 62% 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)

$549,900· $423/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,990.00

Min 5.45%50%

Mortgage payment$2,882/mo

↳ CMHC premium ($20,796 capitalized)

Property tax (est.)$210/mo

Total monthly$3,092

Cash Needed to Close

Down payment (5.45%)$29,990

Land transfer tax$7,473

Est. closing costs$4,150

Total cash needed$41,613

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