123 Dain Avenue Welland, Ontario L3B 3E5
$674,900
Fully tenanted triplex, turnkey, with immediate cashflow available and 7.32% cap rate. This is an excellent investment opportunity with 3 newly renovated units in great condition with great tenants, paying current market rent. Over $100K in renovations completed at the property, with a newly finished basement, new kitchens, appliances, windows, hot water tank, and more. No expenses spared to create and sustain this well-operating multi-unit property. Each unit is equipped with a full kitchen and appliances (fridge and stove) all newly renovated within the last 5yrs. Each unit has their own laundry appliances - great value add for tenants. Two separate backyards - Main floor tenant enjoys fully fenced yard with a private back deck and garden shed. Upper tenant enjoys their own separate fully fenced yard with a garden shed. 4 parking spots available on the driveway. Basement is fully waterproofed under warranty & new main drain. 3 Separate Hydro Meters with Separate Breaker Panels. 2 Hot Water Tanks. 2 Furnaces. Tenants paying all utilities except water. Excellent location, walking distance to shops, restaurants, library, schools, parks, gym, and more. Public transit stop nearby. School bus route as well. This property checks all the boxes for investors & tenants. Start earning income and watch your asset appreciate in value without lifting a finger, the work has already been completed. Incomes, expenses, leases, and full property details available. (id:61910)
Property Details
| MLS® Number | X13129898 |
| Property Type | Multi-family |
| Community Name | 773 - Lincoln/Crowland |
| Amenities Near By | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Equipment Type | Water Heater - Gas |
| Features | Sump Pump, In-law Suite |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater - Gas |
| Structure | Shed |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 6 |
| Age | 100+ Years |
| Amenities | Separate Heating Controls |
| Appliances | Water Heater |
| Basement Features | Separate Entrance |
| Basement Type | Full |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Aluminum Siding |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Fully Fenced, Fenced Yard |
| Land Amenities | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 118 Ft ,8 In |
| Size Frontage | 40 Ft |
| Size Irregular | 40 X 118.7 Ft |
| Size Total Text | 40 X 118.7 Ft |
| Zoning Description | Rl2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom 4 | 3.18 m | 2.98 m | 3.18 m x 2.98 m |
| Second Level | Bedroom 5 | 2.91 m | 2.89 m | 2.91 m x 2.89 m |
| Second Level | Bathroom | 3 m | 2.5 m | 3 m x 2.5 m |
| Second Level | Kitchen | 4.1 m | 3.25 m | 4.1 m x 3.25 m |
| Second Level | Living Room | 4.22 m | 3.34 m | 4.22 m x 3.34 m |
| Second Level | Primary Bedroom | 2.94 m | 3.59 m | 2.94 m x 3.59 m |
| Basement | Bathroom | 1.18 m | 2.65 m | 1.18 m x 2.65 m |
| Basement | Primary Bedroom | 3.1 m | 5.82 m | 3.1 m x 5.82 m |
| Basement | Living Room | 2.71 m | 6.4 m | 2.71 m x 6.4 m |
| Basement | Kitchen | 3.41 m | 2.4 m | 3.41 m x 2.4 m |
| Main Level | Bathroom | 3 m | 2 m | 3 m x 2 m |
| Main Level | Living Room | 3.62 m | 4.09 m | 3.62 m x 4.09 m |
| Main Level | Kitchen | 2.9 m | 3.88 m | 2.9 m x 3.88 m |
| Main Level | Dining Room | 2.77 m | 1.95 m | 2.77 m x 1.95 m |
| Main Level | Primary Bedroom | 3.52 m | 3.64 m | 3.52 m x 3.64 m |
| Main Level | Bedroom 2 | 2.68 m | 4.1 m | 2.68 m x 4.1 m |
| Main Level | Laundry Room | 1.89 m | 1.18 m | 1.89 m x 1.18 m |
Contact Us
Contact us for more information
Justin Dube
Salesperson
800 Niagara Street
Welland, Ontario L3C 7L7
(905) 788-3232
www.coldwellbankeradvantage.ca/
Steve Dube
Salesperson
800 Niagara Street
Welland, Ontario L3C 7L7
(905) 788-3232
www.coldwellbankeradvantage.ca/
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May 14 2026 08:07:43
Niagara Association of REALTORS®
Coldwell Banker Advantage Real Estate Inc, Brokerage