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For Sale · Specialty

509 LINCOLN STREET, Welland (Lincoln/Crowland)

509 LINCOLN STREET, Welland (Lincoln/Crowland), ON L3B4N9

$399,900 total

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Asset Class

Specialty

Size

—

Building class

C

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

97%

About this property

A unique and versatile opportunity in Welland! This property offers three separate living spaces, each with its own entrance, making it an excellent option for multi-generational living, families looking for additional space, or those looking for the potential to generate additional income. The main-floor unit features two bedrooms, while the self-contained upper unit offers two bedrooms, its own private entrance and separate hydro. The lower level unit provides an additional one bedroom living space with its own separate access. Conveniently located close to shopping, schools, parks and everyday amenities, this property offers plenty of flexibility for a variety of living arrangements. Updates over the years include the furnace, central air conditioning and roof. Whether you're looking for a home with room for extended family, additional income potential, or flexible living space, this Welland property offers plenty of possibilities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$400K
Down payment30% · $120K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$30K

Annual cash flow

$8K

Cash-on-cash

6.74%

DSCR

1.36

Going-in cap

7.56%

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.

Area demographics

Trade area within 3 miles of the property.

Population

130,622

Households

46,562

Median income

$65,500

Median age

41

Daytime population

196,220

5-yr growth

7.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 509 LINCOLN STREET, Welland (Lincoln/Crowland).

NDA required

  • 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.