478 East Main Street
768 - Welland Downtown, Welland, L3B 3X6
FOR SALE
$449,900
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3
BEDROOMS 2
BATHROOMS 2
KITCHENS 9
ROOMS X13155552
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Property Description
478 East Main Street offers a practical opportunity for investors, owner-occupants, or buyers looking for flexible space in a central Welland location. This approximately 2,000 sq. ft. up/down duplex features a spacious 1-bedroom main-floor unit and a renovated 2-bedroom upper unit, which is currently vacant and ready for its next use. With separate entrances and separate hydro meters, the layout provides clear separation between the two units and supports a variety of ownership options. The property also includes a private rear patio, parking for approximately 3-4 vehicles, and a roof updated in 2020. Located along East Main Street, this address offers convenient access to downtown Welland, shopping, restaurants, everyday amenities, the Welland Canal, Niagara College, and commuter routes throughout Niagara. A functional, well-positioned property with income potential, flexibility, and strong long-term value.
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Property Features
Water Heater
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Property Details
Address
478 East Main Street
Community
City
Postal Code
L3B 3X6
Property Type
Duplex, Duplex
Lot Size
30' x 140'
Taxes
$5,070 (2025
Basement
None
Heat Type
Radiant
Heat Source
Electric
Water
Municipal
Parking Spaces
3
Garage Type
None
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Listing contracted with Royal Lepage Nrc Realty
Attention investors and savvy buyers! This separate metered duplex in the heart of downtown Welland offers strong rental income and excellent long-term potential. Ideally located just steps to the Welland Farmers' Market, restaurants, shopping, parks, schools and public transit, this property combines convenience with cash flow. The front unit features 2 spacious bedrooms and rents for $1,409/month, while the rear unit offers 1 bedroom plus a den/home office and rents for $1,178/month, generating a gross annual income of $31,044. Based on the current income and operating expenses, the property offers an approximate 5.4% cap rate. Separate hydro and gas meters help reduce operating expenses, making this an attractive investment. The unfinished basement provides laundry and additional storage space. Situated on a 33 x 132 ft lot, the front tenant enjoys exclusive use of the covered front porch while the rear tenant has access to the private backyard. Whether you're looking to expand your investment portfolio, live in one unit while offsetting your mortgage with rental income, or add a duplex to your holdings, this property is an opportunity you won't want to miss. Approximate cap rate is based on current rental income and annual operating expenses as provided by the Seller.
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Duplex with spacious backyard - Ideal investment or owner-occupied opportunity! Discover this well-maintained duplex, perfectly located close to everyday conveniences. Each newly renovated unit features two bedrooms, one full bathroom, a comfortable living room with plenty of natural light and a spacious eat-in kitchen. Separate entrances and utilities for privacy and convenience. Close to amenities - schools, shopping, restaurants and public transit, just minutes away. Ideal for investors: rent both units for consistent income or owner occupants: live in one unit and rent the other.
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Turn-Key Investment Opportunity in the Heart of Welland! This extensively renovated, duplex at 314 Broadway Avenue offers a completely hands-off, high-yield addition to your portfolio. Boasting a strong 5.3% Cap Rate, this property requires absolutely zero capital expenditure-simply start collecting.The main floor unit features a bright, spacious 2-bedroom layout(potential 3rd) while the lower level offers a fully finished 1-bedroom unit. Both units have been completely modernized from top to bottom with contemporary finishes, updated kitchens, and pristine baths. Situated in a prime, high-demand rental location, tenants will love being steps from excellent local amenities, dog park and the vibrant Welland Recreational Canal trail system.Bonus Potential: The vacant lot next door is also available for purchase, offering incredible future development potential or land-banking opportunities. Don't miss this rare, stress-free income generator!
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Detached, two-storey, solid brick, up/down duplex, in the heart of Welland! This property offers a versatile opportunity for investors, extended families, or buyers looking to offset their mortgage. Main floor is tenanted, upper unit will be vacant on closing - move in yourself, or rent it out at current market rent! The main-floor unit features 2-bedrooms, 1-bathroom, large eat-in kitchen, living room, and private laundry facilities in the basement. The upper unit offers 2-bedrooms, 1-bathroom, and kitchen complete with in-unit laundry. The unfinished, waterproofed basement is perfect for additional storage. Functional covered front porch, double-wide concrete driveway, and garden shed in the backyard. New combi-boiler (2022) - boiler system to all radiators through the house (clean heat), and serves as tankless hot water for each tap (energy efficient). Newer breaker panel - 200AMP service. Sump pump. Conveniently located close to shopping, grocery stores, schools, school-bus routes, public transit, and other everyday amenities - making this an attractive property for buyers and tenants alike.
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Welcome to 51 Plymouth Road in the heart of Welland! This versatile property features two self-contained two-bedroom units with separate hydro meters, offering the flexibility to be used as one spacious four-bedroom, two-bath home or as two separate units with excellent income potential. Both units offer bright, functional living spaces, ample parking, generous storage, and a spacious yard. Recent updates include leveling and insulating the front room with new doors, flooring, and roofing, new shingles on the lower roof (main roof approximately 10 years old), fresh paint throughout, hydro added to the backyard shed and refrigerated storage unit, a new fridge and dishwasher in the upper unit, and a newer stove in the lower unit. The refrigerated storage unit also features custom-built shelving for exceptional storage. Conveniently located close to schools, parks, shopping, transit, and major routes, this property is ideal for homeowners, investors, or multi-generational families. A rare opportunity to own a flexible, income-producing property in a growing community!
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A unique and versatile opportunity in Welland! This property offers three separate living spaces, each with its own entrance, making it an excellent option for multi-generational living, families looking for additional space, or those looking for the potential to generate additional income. The main-floor unit features two bedrooms, while the self-contained upper unit offers two bedrooms, its own private entrance and separate hydro. The lower level unit provides an additional one bedroom living space with its own separate access. Conveniently located close to shopping, schools, parks and everyday amenities, this property offers plenty of flexibility for a variety of living arrangements. Updates over the years include the furnace, central air conditioning and roof. Whether you're looking for a home with room for extended family, additional income potential, or flexible living space, this Welland property offers plenty of possibilities.
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