51 Lyons Avenue
Welland, Ontario L3B 1L8
Turn key money maker!!! Solid and meticulously maintained 5 unit building located in fabulous neighbourhood close to park, public transit & shops + quick, convenient highway access. Fully occupied w/ NOI of 54,236.62 & Cap Rate near 8% / year with great upside for future rents. ( Unit #1 ( 2 bedroom ) $1488.66 , Unit #2 ( 1 bedroom ) $750.00, Unit #3 ( 1 bedroom ) $942.58, Unit #4 ( 1 bedroom ) $1350.00, Unit #5 ( 1 bedroom ) $1383.75. Units are super clean - building has newer 40yr roof (2018), newer furnace (2021), updated cooper and ABS plumbing & electrical ( 200amp ), replacement windows (2019) & freshly painted stucco exterior. Updates within the units include; newer vinyl plank flooring, 3 have new kitchens & minor update work in the baths ( Unit #2 bath is brand new ). All units have have excellent layouts + street parking permitted. Lower level is set up for future coin op laundry. (id:15265)
$699,900 For sale
- MLS® Number
- X12539904
- Type
- Multi-family
- Building Type
- Other
- Bedrooms
- 6
- Bathrooms
- 5
- Parking
- 3
- SQ Footage
- 2,000 - 2,500 ft2
- Cooling
- None
- Heating
- Forced Air
Photo Gallery
Property Details
| MLS® Number | X12539904 |
| Property Type | Multi-family |
| Community Name | 773 - Lincoln/Crowland |
| EquipmentType | None |
| ParkingSpaceTotal | 3 |
| RentalEquipmentType | None |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 100 Ft |
| SizeFrontage | 45 Ft ,1 In |
| SizeIrregular | 45.1 X 100 Ft |
| SizeTotalText | 45.1 X 100 Ft |
| ZoningDescription | Rl1 |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 6 |
| BedroomsTotal | 6 |
| Appliances | Water Meter, Stove, Refrigerator |
| BasementDevelopment | Partially Finished |
| BasementFeatures | Apartment In Basement, Separate Entrance, Walk-up |
| BasementType | N/a, N/a (partially Finished), N/a, N/a |
| CoolingType | None |
| ExteriorFinish | Stucco |
| FireProtection | Smoke Detectors |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 2,000 - 2,500 Ft2 |
| Type | Other |
| UtilityWater | Municipal Water |
Location Map
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November 13 2025 12:56:50
Niagara Association of REALTORS®
Coldwell Banker Advantage Real Estate Inc, Brokerage
