285 McAlpine Avenue, Welland, ON
L3B 1V1
Listed November 5, 2026
About this property
Investment opportunity in Welland! This triplex features three self-contained residential units, each with its own kitchen and full bathroom. The main floor unit offers 3 bedrooms, 1 full bathroom, and an open-concept kitchen. The rear unit consists of 1 bedroom and 1 full bathroom, while the upper unit features 2 bedrooms, 1 full bathroom. All three units are currently occupied under fixed-term leases until the end of June 2027, providing an existing rental income stream. The partially finished basement features a separate side entrance, a 3-piece bathroom, and a stone fireplace, offering potential for conversion into a fourth residential unit. Notable improvements reported include roof and eavestrough replacement in 2022, a newer 65,000 BTU furnace, updated weeping tile along the west side, and a newer front deck. Additional features include separate hydro meters for each unit, a covered upper-level walkway, a partially roughed-in sunroom or screened porch area, a detached garage, and parking for approximately 3 vehicles. Situated on an approximately 5,425 sq. ft. corner lot with roughly 60 feet of frontage. An income-producing property with potential for additional rental capacity.
Features
Property Details
Listing
Property
Location
Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 285 McAlpine Avenue — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$89,980 · Minimum $22,495
Use the rate your lender or broker quotes you.
Monthly costs
From the listing (2025 tax bill).
Leave at $0 if there isn't one.
Typical for this kind of home.
Hydro, heating, water and sewer.
About 1% of the price a year, set aside.
One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$3,089/mo
About $37,068 a year
- $1,990
- $269
- Home insurance$125
- Utilities$330
- Maintenance & repairs$375
Cash needed to close
- Down payment (20%)
- $89,980
- Ontario land transfer tax
- $5,473
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $97,953
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
285 McAlpine Avenue, Welland, ON
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Last Updated: November 5, 2026
Listing Office: KING REALTY INC.
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