136 Regent Street Welland, Ontario L3B 4H8
$450,000
Attention investors and savvy buyers! This separate metered duplex in the heart of downtown Welland offers strong rental income and excellent long-term potential. Ideally located just steps to the Welland Farmers' Market, restaurants, shopping, parks, schools and public transit, this property combines convenience with cash flow.The front unit features 2 spacious bedrooms and rents for $1,409/month, while the rear unit offers 1 bedroom plus a den/home office and rents for $1,178/month, generating a gross annual income of $31,044. Based on the current income and operating expenses, the property offers an approximate 5.4% cap rate. Separate hydro and gas meters help reduce operating expenses, making this an attractive investment.The unfinished basement provides laundry and additional storage space. Situated on a 33 x 132 ft lot, the front tenant enjoys exclusive use of the covered front porch while the rear tenant has access to the private backyard.Whether you're looking to expand your investment portfolio, live in one unit while offsetting your mortgage with rental income, or add a duplex to your holdings, this property is an opportunity you won't want to miss.Approximate cap rate is based on current rental income and annual operating expenses as provided by the Seller. Buyers are advised to complete their own due diligence and verify all financial information. (id:62616)
Property Details
| MLS® Number | X13524072 |
| Property Type | Multi-family |
| Community Name | 768 - Welland Downtown |
| Amenities Near By | Hospital, Public Transit |
| Parking Space Total | 2 |
| Structure | Porch |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Age | 100+ Years |
| Appliances | Water Heater |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,100 - 1,500 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 130 Ft ,4 In |
| Size Frontage | 34 Ft ,3 In |
| Size Irregular | 34.3 X 130.4 Ft |
| Size Total Text | 34.3 X 130.4 Ft |
| Zoning Description | Rl2 |
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July 05 2026 01:23:23
Niagara Association of REALTORS®
RE/MAX Niagara Realty Ltd, Brokerage