29 Afton Avenue Welland, Ontario L3B 1V6
8 Bedroom
4 Bathroom
3220
Central Air Conditioning
Forced Air
$1,400,000
Here is your opportunity to take over a newly constructed multi-plex that is fully leased with great tenants and potential to finish 2 more units! Built in 2021 by Mountainview, this building is a turn-key investment. All units are separately metered for gas and hydro with all Tenants paying for their own gas and hydro. Each unit is 2 bedrooms, 1 bathroom with in-suite laundry, own furnace, own central air conditioner, own hot water heater, a full kitchen with stainless steel fridge, stove & dishwasher and bright open living space measuring 805 sqft each. There is potential to complete the lower level two units that replicate the other 4 units, making this a 6-plex. The exterior walls in the basement are drywalled and water is all plumbed-in. There are a total of 6 off-street parking spots, one assigned for each unit. Security cameras installed on exterior of building. Start your retirement plan earning passive income from this great opportunity! The landlord currently has a 5% cap rate and potential for 8% once the lower two units are completed and leased. Landlord pays water/sewer and property tax. Security camera and secured main entrance installed on the exterior of the building. Floor plans are available. (id:51013)
Property Details
| MLS® Number | 40544779 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Community Features | Quiet Area, Community Centre, School Bus |
| Equipment Type | Water Heater |
| Features | Shared Driveway |
| Parking Space Total | 6 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 8 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 2021 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 3220 |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 130 Ft |
| Size Frontage | 45 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Residential |
https://www.realtor.ca/real-estate/26548425/29-afton-avenue-welland
Contact Us
Contact us for more information
Rebecca Scarlett
Broker
(905) 892-8152
rebecca-scarlett.c21.ca/
Century 21 Today Realty Ltd, Brokerage
1027 Pelham St,p.o.box 29
Fonthill, Ontario L0S 1E0
1027 Pelham St,p.o.box 29
Fonthill, Ontario L0S 1E0
(905) 892-2632
(905) 892-8152
www.century21today.ca
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March 07 2024 04:52:34
Niagara Association of REALTORS®
Century 21 Today Realty Ltd, Brokerage
