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255 Wallace Avenue S Welland, Ontario L3B 1R7

4 Bedroom 2 Bathroom 1700 sq feet
Central Air Conditioning Forced Air

$555,000

ATTENTION INVESTORS 2-2 BEDROOM DUPLEX WITH POTENTIAL FOR 3RD FULL LEGAL IN FINISHED BASEMENT WITH WALK OUT. SELLER STATES ONE BEDROOM BASEMENT UNIT IS NOW CITY COMPLIANT FOR FAMILY MEMBER ONLY TO LIVE IN AND IS NOW OCCUPIED BY A FAMILY MEMBER. BUYER TO DO OWN DUE DILIGENCE REGARDING 3RD UNIT IN BASEMENT. LOTS OF UPDATES INCLUDING NEW HOUSE AND GARAGE SHINGLES IN 2020, FLOORING, MAIN FLOOR KITCHEN, FENCE, BASEMENT WINDOWS AND BASEMENT FINISHED ALL IN LAST FEW YEARS. LONG TERM TENANTS WOULD LIKE TO REMAIN. MONTHLY RENTAL INCOME OF $2550, ANNUAL RENT IS $30,600. TENANTS PAY GAS AND HOT WATER TANK RENTAL. DOUBLE GARAGE PROVIDES ADDITIONAL STORAGE. SELLER IS SELLING THE PROPERTY TENANT OCCUPIED. TENANTS ARE BOTH MONTH TO MONTH. A THIRD FRIDGE, STOVE AND WASHER/DRYER ARE IN BASEMENT. (id:8119)

Property Details

MLS® Number 40159408
Property Type Multi-family
Parking Space Total 5

Building

Bathroom Total 2
Bedrooms Total 4
Basement Development Finished
Basement Type Full (finished)
Cooling Type Central Air Conditioning
Exterior Finish Vinyl Siding
Fire Protection Smoke Detectors
Fireplace Present No
Foundation Type Block
Heating Type Forced Air
Stories Total 2
Size Interior 1700
Type Duplex
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 100 Ft
Size Frontage 45 Ft
Size Total Text Under 1/2 Acre
Zoning Description Rl1

https://www.realtor.ca/real-estate/23589769/255-wallace-avenue-s-welland

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