23 Avenue Pl

For Sale 152 Days
$569,900 $21K
$549,000
5 beds
3 baths
2,821 Sqft

23 Avenue Pl

For Sale 152 Days
$569,900 $21K
$549,000
5 beds
3 baths
2,821 Sqft

Highlights

Key insights

Description

Legal Triplex! Located downtown Welland, a well maintained home and ready to be leased. The units are vacant and when rented it makes an exceptional cash flow positive investment. When it was rented in 2024, the property was grossing $56,700.00 annually and is now offered at a 7% cap rate. Unit 1 (2-beds) was renting for $1,750, Unit 2 (3-beds) for $1,650.00, and unit 3 (bachelor) for $1,300.00. Located just steps from the vibrant Welland Farmers' Market, Merritt Island Park, the Welland River, and the city's revitalized downtown core, this charming turn-of-the-century home is ideally located for convenience and lifestyle. Live in one unit while generating rental income from the others, or co-purchase with a partner to build equity together. The home has been well maintained and retains much of its original charm, while offering updated functionality. Updates: Electrical (2024), Bathroom Renovated 3rd floor (2025), New Appliances in 3rd floor (2025), Insulated 2nd floor ceiling to improve with sound from top floor (2025). Coined washer and dryer are not included but available for purchase if needed. Boiler has been serviced every year. Separate hydro and gas meters and three hot water heaters. This is a solid house and investment.

Andi Pojani of Coldwell Banker Community Professionals,
MLS®#40730627
updated 2 weeks ago.
Houseful checked MLS® for data 2 weeks ago.

Home overview

Amenities / Utilities
  • Cooling
    None
  • Heat type
    Radiator
  • Pets allowed (y/n)
    No
  • Sewer/ septic
    Sewer (municipal)
Exterior
  • # total stories
    2
  • Construction materials
    Brick, vinyl siding
  • Foundation
    Concrete block
  • Roof
    Asphalt shing
  • # garage spaces
    1
  • # parking spaces
    4
  • Has garage (y/n)
    Yes
  • Parking desc
    Detached garage
Interior
  • # total bathrooms
    3.0
  • # of above grade bedrooms
    5
  • Appliances
    Refrigerator, stove
  • Has fireplace (y/n)
    Yes
  • Laundry information
    Coin operated
  • Interior features
    Separate hydro meters
Location
  • County
    Niagara
  • Area
    Welland
  • Water source
    Municipal
  • Zoning description
    Dmc
Lot/ Land Details
  • Lot desc
    Ample parking, business centre, dog park, highway access, hospital, library, marina, park, public parking, public transit, schools, trails
  • Lot dimensions
    40 x 70
Overview
  • Approx lot size (range)
    0 - 0.5
  • Basement information
    Separate entrance, full, unfinished
  • Building size
    2821
  • Mls® #
    40730627
  • Property sub type
    Triplex
  • Status
    Active
  • Tax year
    2024
SOA_HOUSEKEEPING_ATTRS
  • Listing type identifier
    Idx

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