29 Afton Avenue

Welland, ON L3B 1V6 View Map $1,400,000 Schedule a Tour
Beds8
Baths4
Sq.Ft.3,220
Year2021

Elevation Realty

(289) 769-8998

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Status: Active Under Contract - Under Contract
Property Type:Multi-6-9 Unit
MLS #:40544779
Sq. Feet:3,220
On Site:39 Days
Region:Niagara
Here is your opportunity to take over a newly constructed multi-plex that is fully leased with great tenants and potential to finish 2 more units! Built in 2021 by Mountainview, this building is a turn-key investment. All units are separately metered for gas and hydro with all Tenants paying for their own gas and hydro. Each unit is 2 bedrooms, 1 bathroom with in-suite laundry, own furnace, own central air conditioner, own hot water heater, a full kitchen with stainless steel fridge, stove & dishwasher and bright open living space measuring 805 sqft each. There is potential to complete the lower level two units that replicate the other 4 units, making this a 6-plex. The exterior walls in the basement are drywalled and water is all plumbed-in. There are a total of 6 off-street parking spots, one assigned for each unit. Security cameras installed on exterior of building. Start your retirement plan earning passive income from this great opportunity! The landlord currently has a 5% cap rate and potential for 8% once the lower two units are completed and leased. Landlord pays water/sewer and property tax. Security camera and secured main entrance installed on the exterior of the building. Floor plans are available.

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$000 Monthly Payment
Loan and interest only.

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Community Information

Address:29 Afton Avenue, Welland, ON L3B 1V6
Area:Welland
Region:Niagara
City:Welland
Postal Code:L3B 1V6
Neighborhood:773 - Lincoln/Crowland

Architecture

Bedrooms: 8
Bathrooms: 4
Year Built:2021
Stories:2
Construction Materials: Vinyl Siding
Building Area: 3220
Roof: Asphalt Shing, Flat
Foundation: Poured Concrete
Basement: Separate Entrance, Walk-Up Access, Full, Unfinished
Attached Garage Yes/No: No
Parking Features: Mutual/Shared
Open Parking Spaces: 6
Parking Total: 6

Features / Amenities

Interior Features: Built-In Appliances, Separate Heating Controls, Separate Hydro Meters
Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer
Laundry: In-Suite
Inclusions: 4 Stoves, 4 Fridges, 4 Dishwashers, 4 Washer/Dryers, 4 Furnaces, 4 Hot Water Heaters (Rentals), 4 A/C Units, Security Camera System For Exterior
Exterior Features: Private Entrance, Separate Hydro Meters
Direction Faces: West
Cooling: Central Air
Heating: Forced Air, Natural Gas

Square Footage

Finished Sq. Ft.
Above Grade 3220
Below Grade 0
Total 0

Property Features

Lot Dimensions:130 x 45.01
Lot Features: Rectangular, Near Golf Course, Highway Access, Hospital, Park, Place of Worship, Playground Nearby, Public Transit, Quiet Area, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby
Frontage: East
Frontage Length: 45.01
Sewer: Sewer (Municipal)
Water: Municipal
Zoning:Residential
Directions:Lincoln St, South on Afton Ave.

Tax and Financial Info

Tax Annual Amount: $1,937.32

Schools & Parks

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29 Afton Avenue Welland,  ON L3B 1V6
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29 Afton Avenue Welland, ON L3B 1V6
 
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Listing Information Last Updated 4/14/2024
Listing provided courtesy of Century 21 Today Realty Ltd, Brokerage.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Keller Williams Signature are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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