$499,900

For saleJust listed

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 Yesterday

Overview

This multi-family property in Welland is for sale offering roughly 1,300 sq ft of space. It has been on the market 1 day, fresher than the Welland average of 72 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 unit =$1850 plus hydro. Upper Unit = $1450 plus hydro, $3300/month total. (id:66096)

Property Details

MLS®: X14152814
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: Yesterday

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

Welland (Lincoln/Crowland) listings, avg age

72d

Price / ft²

$385

List price

$500K

Haho

This 4-bed multi-family in Welland (Lincoln/Crowland) has been listed for 1 day, which is 71 days fresher than the city average of 72. 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 $499,900, about 7.5× the local median household income of $66,500.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 47% 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)

$499,900· $385/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$223/mo

Total monthly$2,856

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,468

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