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$ 599,999
Est. payment /mo
New
27 Park ST Welland, ON L3B 4M3
7 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 768 - Welland Downtown
MLS Listing ID X14170588
Style 2-Storey
Bedrooms 7
Annual Tax Amount $2,314
Tax Year 2025
Property Sub-Type Triplex
Property Description
Cash-flowing legal triplex in Downtown Welland generating over $4,500/month in operating income, offering 2,390 sq ft above grade on a 58 x 145 ft lot. Perfect for hands-on investors or owner-occupiers looking to live in one unit and let rental income supplement the mortgage. Total layout comprises 7 bedrooms, 3 kitchens, 3 full bathrooms, and separate hydro meters. Currently configured with one main-floor unit tenanted, two units vacant (ideal for setting current market rents or moving in), and a detached 2-car garage currently rented for storage - offering potential for an ADU/garden suite conversion. Private double driveway provides 6 total parking spaces. Highly walkable location steps to King Street transit, Merritt Park, the Welland Recreational Waterway trails, and the Community Wellness Complex. Minutes to Niagara Health Welland Hospital, shopping, and dining. Exceptional value with reliable cash flow and future expansion upside.
Location
Province ON
County Niagara
Area Niagara
Zoning RL2
Rooms
Basement Partial Basement, Unfinished
Kitchen 3
Interior
Interior Features Separate Hydro Meter
Cooling None
Inclusions All Appliances
Exterior
Parking Features Detached
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 6
Building
Building Age 100+
Foundation Concrete
Lited by RE/MAX ESCARPMENT REALTY INC., BROKERAGE