1/111 - 476 EAST MAIN STREET, Welland (Welland Downtown)
1 - 476 EAST MAIN STREET, Welland (Welland Downtown), ON L3B3X6
Price on request
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Asset Class
Multifamily
Size
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Building class
B
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
89%
About this property
Pride of ownership! The owner is actively updating the building to provide tenants with a clean, comfortable, and enjoyable living experience. Apartment 1 is NEWLY updated with new kitchen cupboards, counters, sink and flooring throughout the apartment. This nice cozy apartment features a large living room/dining room combination with tons of natural light, 4 pc bath, 2 bedrooms and kitchen with fridge and stove. Great location just out of the downtown core but minutes to grocery shopping and malls. Quick access to Hwy 140. Available immediately. Note Chatgbt for first photo only removed the For Lease and my sign. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$75K
Annual cash flow
$-8K
Cash-on-cash
-1.83%
DSCR
0.90
Going-in cap
4.99%
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
141,706
Households
50,165
Median income
$91,500
Median age
32.4
Daytime population
150,344
5-yr growth
5.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 1 - 476 EAST MAIN STREET, Welland (Welland Downtown).
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.