53-55 HURON STREET, Welland (Dain City)

About this property

Rare opportunity to own a brand-new, fully leased legal 4-plex in Welland's growing Dain City neighbourhood. Built as two side-by-side semi-detached buildings, 53-55 Huron Street offers over 4000+ square ft. of finished space across four self-contained units, with all fire separations and ratings built to code. Each side has a spacious 1,480 sq ft three-storey upper unit and a 715 sq ft lower unit. The upper units have an attached garage plus driveway parking, an open-concept kitchen, dining and living area, a separate rec and flex room, three bedrooms (two with walk-in closets), a main bath with double vanity, and in-suite laundry. The lower units span the main and lower floors, with an open living and dining area, a full kitchen, walkout access to a private deck, a bedroom, a 3-piece bath and in-suite laundry. Each unit has its own hydro panel, hot water tank and heating and cooling (heat pumps in the lower units), and there are no rental contracts on the equipment. Tenants pay their own hydro, there are no gas costs, and water is billed back to tenants each month. As a new build, maintenance costs are minimal.The property is fully leased, bringing in over $90,000 in gross annual rent. It sits on a 40 x 125 ft lot close to the Welland Recreational Canal, parks, schools and quick access to Hwy 406 and 140. A turnkey, low-maintenance investment in a high-demand rental market. (id:66811)