1/2240-242 EAST MAIN STREET, Welland (Welland Downtown)
240-242 EAST MAIN STREET, Welland (Welland Downtown), ON L3B3W9
$1.4M total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA9 — High Rise
$ / SF
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Occupancy
83%
About this property
242 East Main Street, Welland - 7-Unit Residential Income Property. Exceptional investor opportunity in the heart of Welland. This income property offers 7 self-contained residential units, ideally positioned for a buyer looking to build or expand their Niagara portfolio. Property generates over $75K net income/year. The unit mix provides strong versatility and broad tenant appeal: 4 x 2-bedroom, 1 x 1-bedroom, and 2 studio suites - catering to singles, couples, and small families alike. Located in Welland, Ontario, a growing rental market with consistent tenant demand driven by Niagara College, healthcare, and manufacturing employment. Easy access to Highway 406 and the broader Niagara Region makes this an attractive option for a wide range of renters. (id:66811)
Financial sandbox
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Monthly debt service
$6K
Projected NOI
$53K
Annual cash flow
$-25K
Cash-on-cash
-5.85%
DSCR
0.68
Going-in cap
3.78%
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
85,997
Households
32,249
Median income
$76,500
Median age
41.8
Daytime population
140,918
5-yr growth
7.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 240-242 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.