$775,000
$785,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
SOLD DATE : 05/01/2025
Key Details
Sold Price $775,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 769 - Prince Charles
MLS Listing ID X12060230
Sold Date 05/01/25
Style Sidesplit
Bedrooms 5
Annual Tax Amount $4,095
Tax Year 2024
Property Sub-Type Triplex
Property Description
Unique Legal Triplex WITH 6.67% CAP RATE in Sought-After Prince Charles Neighbourhood - Live In or Invest! A rare opportunity in the heart of West-End Welland! This beautifully maintained legal side-split triplex sits on an expansive 80 x 118 lot and offers flexibility for homeowners and investors alike. With two fully renovated units (2023) already occupied by excellent tenants, and a vacant STUNNING main-floor unit, you can choose to move in yourself or secure another tenant to complete this high-performing income property. Currently professionally managed, the property can continue under management or be handed over to new ownership with ease. The spacious fenced backyard is thoughtfully divided to provide separate outdoor spaces and features an above-ground pool, a rare bonus for tenant and owner enjoyment. Located just a 10-minute walk to Chippawa Park, offering a wealth of outdoor amenities including a splash pad, ball diamond, volleyball courts, playground, botanical gardens, and more - this location is as family-friendly as it is investment-savvy. Whether you're looking to live in one unit and rent the rest, or fully lease all three, this property is a turnkey opportunity with an attractive cap rate and strong rental potential for years to come. HIGHLIGHTS : *Legal triplex with side-split layout *Two units with quality tenants *Vacant main-floor unit live-in or rent out *Fully fenced yard with above-ground pool * Located in desirable Prince Charles neighbourhood *Close to schools, parks, shopping & transit *Professionally managed optional continuation. Don't miss this exceptional investment in a quiet, established community!
Location
State ON
County Niagara
Community 769 - Prince Charles
Area Niagara
Zoning RL1
Rooms
Family Room No
Basement Finished, Separate Entrance
Kitchen 3
Interior
Interior Features Carpet Free, Sump Pump
Cooling Central Air
Fireplaces Number 1
Fireplaces Type Electric
Exterior
Pool Above Ground
Roof Type Asphalt Shingle
Lot Frontage 81.05
Lot Depth 118.9
Total Parking Spaces 4
Building
Foundation Unknown
Others
Senior Community No
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