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$1,139,700
Welland
9 ALBERT Street, Welland, Ontario, L3B4G1
This multi-family property in Welland is for sale offering roughly 4,044 sq ft of space. It has been on the market 19 days, fresher than the Welland average of 80 days.
Approx 4,044 Sq Feet 2 Storey Legal Rooming House. 19 Rooms, 1st Floor 8 Bdrms, 1X4, 1X 2 Shower Stalls, 1X2, 1 Kitchen, 1X3 + 2nd Floor 11 Rooms, 1X2, 1 Kitchen, 1X4. Great Set Up For Student Housing Or Long Term Lodging By The Bus Route. 2019 (Windows, Doors, Many Newer Renovation / Improvement Thru Out), Gross Income About $16,000 / Month Or $192,000/Year. Total Expenses are available upon request. Unit #17, 18, 19 is a self contained three bedrooms + Balcony with 1 X 4 Piece washroom, 1 kitchen, Excellent for Owner family private suite. Up To 65 percent VTB 1st mortgage can be available. Welland Is A Growing Town Over 52,000 People Population With Welland Canal, Niagara College, Seaway Mall, Conservation Area, Merritt Island, 3 Golf Courses Etc. 20 Minutes To Niagara Falls, St Catharines And Port Colborne. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 19 days on market, against an average age of 80 days across the listings currently for sale in this city
This 20-bed multi-family in Welland has been listed for 19 days, which is 61 days fresher than the city average of 80. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,139,700, about 17.1× the local median household income of $66,500.
Carrying it typically needs a household income of about $222,623 (20% down, 25-yr amortization, stress-tested) — roughly 235% 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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