50 Fifth Street
773 - Lincoln/Crowland, Welland, L3B 4Z5
FOR SALE
$584,900
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2 + 2
BEDROOMS3
BATHROOMS2
KITCHENS8 + 3
ROOMSX13071046
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Property Description
Excellent duplex opportunity in the heart of Welland! Whether you're an investor looking for steady cash flow or a first-time buyer hoping to offset your mortgage, this updated duplex checks all the boxes. The property currently generates $3,300/month in rental income, with reliable tenants in place who would love to stay. Both units offer modern updates, including refreshed kitchens, bathrooms, flooring, paint, and contemporary finishes throughout. Situated on a deep lot in a convenient location close to Welland County General Hospital, schools, parks, shopping, and everyday amenities. Photos were taken prior to the current tenants moving in. A fantastic opportunity to step into the market with an income-producing property in a growing Niagara community. Zoning allows short-term rentals. Main level unit to be vacant July 1st.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2021-12-22 | 2021-12-30 | 8 | $399,900 | $512,900 |
Property Features
Public Transit, Hospital, Park, School, Carpet Free, In-Law Suite, Private, Tandem
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Property Details
Address
50 Fifth Street
Community
City
Postal Code
L3B 4Z5
Property Type
Duplex, Duplex
Zoning
RM2
Lot Size
40' x 165'
Acreage
0.2 Feet
Taxes
$2,681 (2025
Basement
Finished, Walk-Up, Full
Exterior
Porch
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
Detached
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Listing contracted with Re/Max Escarpment Realty Inc., Brokerage
Investor opportunity with flexibility and upside in a prime Welland location. This well-maintained duplex offers immediate income with reliable tenants in place, making it an ideal addition to any portfolio. For buyers seeking versatility, the property can also be delivered vacant if required, and easily converted back to a single-family home giving you options both now and in the future. Positioned with convenient access to Highway 406, and just minutes from shopping, dining, schools, and transit, this location continues to attract strong rental demand. The home features two self-contained units with functional, spacious layouts. The main level offers a bright and open living space, generous kitchen, full bathroom, and two well-sized bedrooms ideal for long-term tenancy. The upper unit provides a comfortable one-bedroom layout with its own kitchen, living area, and full bath, creating a private and appealing space for occupants. Additional highlights include separate hydro meters, ample storage, and a full basement with exterior access offering further potential and practicality. Whether you're looking for a turn-key investment, a multi-generational living setup, or a future single-family conversion, this property delivers on flexibility, location, and value.
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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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