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$549,900 total
—
Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA9 — High Rise
$ / SF
—
Occupancy
84%
Situated in one of Welland's most sought-after neighbourhoods, this well-maintained legal duplex offers an outstanding opportunity for investors or those looking to add a quality income property to their portfolio. Nestled among mature trees and beautiful character homes, Chippawa Park is known for its charm, walkability, and unbeatable convenience to schools, restaurants, shopping, professional services, public transit, and quick highway access.This spacious duplex features two 3-bedroom units, upstairs is rented to lovely tenants paying $1800 + Hydro and the main floor is $2100 per month +hydro and the main floor is now vacant, providing immediate rental income with future flexibility.The main floor unit offers a generous open-concept kitchen, a bright and expansive living room located in a rear addition, a spacious 4-piece bathroom complete with a separate shower and corner soaker tub, abundant storage, and a welcoming covered front porch.The upper unit showcases beautiful original hardwood flooring, open convent layout, three bedrooms, a 4-piece bathroom, and a charming covered front balcony overlooking this picturesque neighbourhood.Outside, enjoy a fully fenced backyard, ample parking, and two storage sheds. The basement is currently shared, offering common laundry facilities and access to each unit's separate hydro panel. For added value and convenience, the basement layout offers the potential to be divided, allowing each unit its own dedicated laundry, storage area, and hydro panel access.Whether you're looking for a solid investment with reliable rental income or a property with future owner-occupancy potential, this duplex combines strong cash flow with one of Welland's most desirable locations. (id:66811)
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Monthly debt service
$3K
Projected NOI
$15K
Annual cash flow
$-16K
Cash-on-cash
-9.60%
DSCR
0.48
Going-in cap
2.66%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
98,217
Households
36,501
Median income
$99,000
Median age
32.4
Daytime population
109,177
5-yr growth
2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 30 SHOTWELL STREET, Welland (Prince Charles).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.