240-242 EAST MAIN Street

Welland, ONMulti-family
$1,399,000
MLS® X13639556
Multi-family3 beds[object Object]
240-242 EAST MAIN Street, Welland, ON photo 1
240-242 EAST MAIN Street, Welland, ON photo 2
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About This Property

242 East Main Street, Welland - 7-Unit Residential Income Property. Exceptional investor opportunity in the heart of Welland. This income property offers 7 self-contained residential units, ideally positioned for a buyer looking to build or expand their Niagara portfolio. Property generates over $75K net income/year. The unit mix provides strong versatility and broad tenant appeal: 4 x 2-bedroom, 1 x 1-bedroom, and 2 studio suites - catering to singles, couples, and small families alike. Located in Welland, Ontario, a growing rental market with consistent tenant demand driven by Niagara College, healthcare, and manufacturing employment. Easy access to Highway 406 and the broader Niagara Region makes this an attractive option for a wide range of renters. (id:63604)

Key Facts

Type
Multi-family
Beds
3
Size
3,000 sqft
Lot
44.97 x 100.67 FT
Property Details 10 details
Bedrooms
3 bedrooms
Living area
3,000 sq. ft.
Property
Multi-family · Attached
Property subtype
Multi-family
Structure type
Multi-Family
Attached status
Attached
Heating
Forced air, Natural gas
Fireplace
No
Lot dimensions
44.97 x 100.67 FT
Frontage
44.11 feet
Taxes
$4,629.00
Zoning
DMC
Water source
Municipal water
Mortgage & Affordability Estimate monthly costs
Purchase price$1,399,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Welland Downtown
City
Welland
Postal code
L3B 3W9
Nearby
Cross Streets: East Main between Ross an River. ** Directions: East Main.