$524,900

For sale

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

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

4 beds3 baths4 parking1,300 ft²40 × 165 ft (6,600 sq ft) lot sizeListed 28 days ago

Overview

This multi-family property in Welland is for sale offering roughly 1,300 sq ft of space. It has been on the market 28 days, fresher than the Welland average of 71 days.

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Description

Excellent duplex opportunity in the heart of Welland! Whether you're an investor looking for steady cash flow or a first-time buyer hoping to offset your mortgage, this updated duplex checks all the boxes. Both units offer modern updates, including refreshed kitchens, bathrooms, flooring, paint, and contemporary finishes throughout. Situated on a deep lot in a convenient location close to Welland County General Hospital, schools, parks, shopping, and everyday amenities. Photos were taken prior to the current tenants moving in. A fantastic opportunity to step into the market with an income-producing property in a growing Niagara community. Zoning allows short-term rentals. Main level unit is vacant. Upper Unit = $1450 plus hydro (id:66096)

Property Details

MLS®: X13872320
Property Type: Multi-family
Zoning: RM2
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 3
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 40 × 165 ft (6,600 sq ft)
Frontage: 40 ft
Storeys: 1
Basement: Finished, Full, Walk-up, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage, Tandem
Property Tax: $2,681/yr
Listed: 28 days ago

Rooms

Main level

Kitchen: 4.27 x 3.05 meters
Dining room: 1.22 x 3.05 meters
Living room: 4.55 x 2.84 meters
Bathroom: 2.74 x 2.13 meters

Second level

Bathroom: 3.58 x 1.68 meters
Bedroom 3: 3.23 x 3.33 meters
Bedroom 4: 3.33 x 2.74 meters
Living room: 7.01 x 3.05 meters
Kitchen: 3.58 x 1.83 meters

Basement

Features

Appliances: All
Foundation: Block
Exterior: Vinyl siding
Lot Features: Carpet Free, In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

28d

Welland (Lincoln/Crowland) listings, avg age

71d

Price / ft²

$404

List price

$525K

Haho

This 4-bed multi-family in Welland (Lincoln/Crowland) has been listed for 28 days, which is 43 days fresher than the city average of 71. Act while there is still low competition.

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Listed by RE/MAX ESCARPMENT REALTY INC., BROKERAGE · Kayla Smith

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3B)

This home lists at $524,900, about 7.9× the local median household income of $66,500.

Carrying it typically needs a household income of about $102,531 (20% down, 25-yr amortization, stress-tested) — roughly 54% 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)

$524,900· $404/ft²

For sale

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Full Cost Breakdown

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Down Payment5.24% · $27,490

Min 5.24%50%

Mortgage payment$2,758/mo

↳ CMHC premium ($19,896 capitalized)

Property tax (est.)$223/mo

Total monthly$2,981

Cash Needed to Close

Down payment (5.24%)$27,490

Land transfer tax$6,973

Est. closing costs$4,075

Total cash needed$38,538

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