29 Afton Avenue Welland, ON L3B 1V6
Listing Courtesy of: ITSO / Century 21 Today Realty Ltd. Brokerage / Rebecca Scarlett

  29 Afton Avenue Welland, ON L3B 1V6

Active (69 Days)
$1,400,000
8
BED
4
BATH
3,220
SQFT

Description

Here is your opportunity to take over a newly constructed multi-plex that is fully leased with great tenants and potential to finish 2 more units! Built in 2021 by Mountainview, this building is a turn-key investment. All units are separately metered for gas and hydro with all Tenants paying for their own gas and hydro. Each unit is 2 bedrooms, 1 bathroom with in-suite laundry, own furnace, own central air conditioner, own hot water heater, a full kitchen with stainless steel fridge, stove & dishwasher and bright open living space measuring 805 sqft each. There is potential to complete the lower level two units that replicate the other 4 units, making this a 6-plex. The exterior walls in the basement are drywalled and water is all plumbed-in. There are a total of 6 off-street parking spots, one assigned for each unit. Security cameras installed on exterior of building. Start your retirement plan earning passive income from this great opportunity! The landlord currently has a 5% cap rate and potential for 8% once the lower two units are completed and leased. Landlord pays water/sewer and property tax. Security camera and secured main entrance installed on the exterior of the building. Floor plans are available.

MLS®:
40544779
Taxes
$1,937
Type
Multifamily
Year Built
2021
County
Regional Municipality of Niagara

Listed By

Rebecca Scarlett, Century 21 Today Realty Ltd. Brokerage
Source
ITSO
Last checked May 3 2024 at 5:05 AM EDT
Bathroom Details
Interior Features
  • Washer
  • Stove
  • Refrigerator
  • Dryer
  • Dishwasher
  • Laundry: In-Suite
  • Separate Hydro Meters
  • Separate Heating Controls
  • Built-In Appliances
Lot Information
  • Shopping Nearby
  • Schools
  • School Bus Route
  • Rec./Community Centre
  • Quiet Area
  • Public Transit
  • Playground Nearby
  • Place of Worship
  • Park
  • Hospital
  • Highway Access
  • Near Golf Course
  • Rectangular
Property Features
  • Foundation: Poured Concrete
Heating and Cooling
  • Natural Gas
  • Forced Air
  • Central Air
Basement Information
  • Unfinished
  • Full
  • Walk-Up Access
  • Separate Entrance
Exterior Features
  • Roof: Flat
  • Roof: Asphalt Shing
Utility Information
  • Sewer: Sewer (Municipal)
Parking
  • Total: 6
  • Mutual/Shared
Stories
  • 2
Living Area
  • 3,220 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Feb 24, 2024
Price Changed
$1,400,000
-7%
-100,000
Disclaimer: Listing content protected by copyright and licensed by Information Technology Systems Ontario: Data last updated: 5/2/24 22:05