$780,000

For sale

76 Marc Boulevard, Welland (Lincoln/Crowland) - Multi-family for Sale

76 Marc Boulevard, Welland (Lincoln/Crowland), Ontario, L3B5V1

4 beds3 baths4 parking1,300 ft²50 × 120 ft (6,000 sq ft) lot sizeListed 40 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 40 days, fresher than the Welland average of 71 days.

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Description

This exceptional turn-key investment is generating income the moment you close. Featuring a meticulously updated legal duplex plus an additional accessory unit - all fully renovated with permits since 2021 - this property is the definition of hands-off ownership. Modern electrical, plumbing, and HVAC systems mean low maintenance and long-term peace of mind. All three units are occupied by A+ tenants, with utilities paid by tenants, maximizing your net return from day one. Situated on a spacious lot with ample parking for each unit, the property is both practical and highly desirable to renters. Professional property management is already in place and available to be retained, ensuring a seamless transition with no gaps in cash flow. Rare, renovated, and revenue-ready - don't miss this one! (id:66096)

Property Details

MLS®: X13829108
Property Type: Multi-family
Zoning: RL1
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 3
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 50 × 120 ft (6,000 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Apartment in basement, Walk-up, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Property Tax: $3,974.27/yr

Rooms

Main level

Bathroom: 3 x 2 meters
Bathroom: 3 x 2 meters

Basement

Bathroom: 3 x 2 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: All
Foundation: Block
Exterior: Brick, Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

40d

Welland (Lincoln/Crowland) listings, avg age

71d

Price / ft²

$600

List price

$780K

Haho

This 4-bed multi-family in Welland (Lincoln/Crowland) has been listed for 40 days, which is 31 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 $780,000, about 11.7× the local median household income of $66,500.

Carrying it typically needs a household income of about $152,361 (20% down, 25-yr amortization, stress-tested) — roughly 129% 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)

$780,000· $600/ft²

For sale

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Full Cost Breakdown

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Down Payment6.79% · $53,000.00

Min 6.79%50%

Mortgage payment$4,031/mo

↳ CMHC premium ($29,080 capitalized)

Property tax (est.)$331/mo

Total monthly$4,362

Cash Needed to Close

Down payment (6.79%)$53,000

Land transfer tax$12,075

Est. closing costs$4,840

Total cash needed$69,915

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