256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 1 - 40416197

256 Lincoln Street
Welland, Ontario L3B 4N1

ATTENTION INVESTORS, RARE OPPORTUNITY! Set your own rents. Potential to increase the total gross rent to $99,756 per year with a potential Cap rate of 7.5%. 3 Units provided with vacant possession (3 - 2 Bedroom Units). Incredible Investment Opportunity To Own Or Live In One Unit And Rent The Other Four Units With This Legal 5-Plex! Separately Metered Units. Recent Renovations: Apt 5 Renovated (2019), Stucco (2013), Roof (2014), Windows & Waterproofing (2018), Owned x2 Domestic Water Heater (2015), Security Cameras (2019). No Rental Contracts, All Equipment Is Owned. Gross Rents $66,476/Year Plus $2,400.00 Laundry. Cap Rate of 4.8%. Full List Of Financials Available. Situated In A Mature Neighbourhood Within Walking Distance To Downtown, Parks, Several Restaurants & Shops, Schools, Library and Transit. Square Footage Is Approximate. (id:15265)

$1,075,000 For sale

MLS® Number
40416197
Type
Multi-family
Bedrooms
9
Bathrooms
5
Parking
9
SQ Footage
3028
Constructed Date
1910
Cooling
Window Air Conditioner

Photo Gallery

256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 1 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 2 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 3 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 4 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 5 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 6 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 7 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 8 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 9 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 10 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 11 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 12 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 13 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 14 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 15 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 16 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 17 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 18 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 19 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 20 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 21 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 22 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 23 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 24 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 25 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 26 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 27 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 28 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 29 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 30 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 31 - 40416197
256 Lincoln Street, Welland, Ontario L3B 4N1 - Photo 32 - 40416197

Property Details

MLS® Number 40416197
Property Type Multi-family
Amenities Near By Place Of Worship, Public Transit, Schools, Shopping
Communication Type High Speed Internet
Equipment Type None
Features Southern Exposure, Laundry- Coin Operated
Parking Space Total 9
Rental Equipment Type None
Structure Shed

Parking

Detached Garage

Land

Access Type Road Access, Highway Access, Highway Nearby
Acreage No
Land Amenities Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 100 Ft
Size Frontage 53 Ft
Size Irregular 0.122
Size Total 0.122 Ac|under 1/2 Acre
Size Total Text 0.122 Ac|under 1/2 Acre
Zoning Description Rl2

Building

Bathroom Total 5
Bedrooms Total 9
Appliances Dryer, Refrigerator, Stove, Washer, Range - Gas, Microwave Built-in
Basement Development Partially Finished
Basement Type Full (partially Finished)
Constructed Date 1910
Construction Material Concrete Block, Concrete Walls
Construction Style Attachment Detached
Cooling Type Window Air Conditioner
Exterior Finish Concrete, Stucco
Fire Protection Smoke Detectors
Stories Total 2
Size Interior 3028
Utility Water Municipal Water

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

Location Map

Interested In Seeing This property?Get in touch with a Davids & Delaat agent

agent steve simard

Steve Simard

Sales Representative

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agent nabeel panjwani

Nabeel Panjwani

Sales Representative

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May 31 2023 07:05:35

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