31 Wright St
773 - Lincoln/Crowland, Welland, L3B 2K2
FOR SALE
$355,000
Sold
$340,000
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BEDROOMS2
BATHROOMS2
KITCHENS12
ROOMSX11604724
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-11-29 | 2025-01-16 | 49 | $355,000 | $340,000 | Sold |
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Property Description
Attention Investors And First Time Home Buyers! Legal Duplex With Two Vacant 2 Bedroom Units. Income In Range Of 26000 To 33000 Per Year. If You're In Search Of A Promising Investment Opportunity Or Live And Rent, Don't Miss This One.This Property Features Two Separate 2-Bedroom Units With Completely Independent Tenant Responsible Utilities (Gas And Hydro Meters), Separate Furnaces And Hot Water Heaters, Each With Its Own Laundry Facilities, Located In A Divided Partially Finished Basement, Brand New Windows, High Efficiency Furnaces (Owned), And Tons Of Potential!. Either Rent Both Or Rent One And Live In The Other And Have The Tenants Pay Your Mortgage. Fantastic Cap Rate On This Property.Full Basement, Partially Finished With Front And Back Access And Convenient 2 Piece Bath. Potential To Develop Another Unit In The Basement With Rear Entrance.Currently 100% Compliant With Tssa And Fire Separation Requirements.Private Single Drive With 4+ Parking And A Detached Single Car Garage/Workshop With New Roof In 2021.The Duplex Is Situated In A Central East Welland Location With Close Proximity To Shopping, Public Transit, And Easy Highway Access. 20 Minutes To Niagara Falls Or St Caths And 10 Minutes To The Thorold Campus. Make Sure To Add This To Your List Of Must-See Investments.
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Property Details
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Property Type
Duplex, 2-Storey
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Similar Listings
Looking for your next investment opportunity or renovation project? This legal non-conforming Duplex with accessory apartment is packed with potential and is waiting for your creative touch! Nestled in a desirable neighbourhood with strong rental demand, this property is perfect for a savvy investor or contractor. Key features include three separate units each offering good living space, private entrances and flexible floor plans that cater to a variety of tenant needs plus with its spacious lot size, there is room for outdoor enhancements, parking or even an expansion project. Currently the building is completely tenanted with rents of $700.00; $550.00 and $650.00 per month. While the building does need some TLC, it presents a fantastic opportunity for those with an eye for renovation and a knack for maximizing returns!
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