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51 Lyons Avenue Welland, Ontario L3B 1L8

6 Bedroom 5 Bathroom 2950 sq. ft
Central Air Conditioning Forced Air

$799,900

Turn key money maker !!! - Solid and meticulously kept 5 Unit building located in fabulous neighbourhood close to park, public transit & shops + quick & convenient highway access. Fully occupied w/ NOI of $52,799.86 / year with great upside for future Rents. (Unit#1 (2 Bdrm ) - $1444.66, Unit #2 (1 Bdrm) - $666.84, Unit #3 (1 Bdrm) $896.87, Unit #4 (1 Bdrm) $1230, Unit #5 (1 Bdrm) - $1275. Units are super clean - building has newer 40yr roof (2018), updated furnace (2021) , updated copper & ABS plumbing & electrical + windows replaced (2019). Freshly painted stucco exterior + Updates within the units include : 4 of the 5 units have new vinyl plank floors, 2 have new kitchens. All units have excellent layouts + street parking permitted. (id:38042)

Property Details

MLS® Number 40565359
Property Type Multi-family
Amenities Near By Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features Quiet Area, School Bus
Features Paved Driveway
Parking Space Total 3

Building

Bathroom Total 5
Bedrooms Total 6
Basement Development Finished
Basement Type Full (finished)
Cooling Type Central Air Conditioning
Exterior Finish Stucco
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 2950
Utility Water Municipal Water

Land

Access Type Highway Access
Acreage No
Fence Type Fence
Land Amenities Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 100 Ft
Size Frontage 45 Ft
Size Total Text Under 1/2 Acre
Zoning Description Rl1

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