197 Edgar St, Welland, Ontario L3C 1T3

  • $989,900
197 Edgar St, Welland, Ontario L3C 1T3
Active
197 Edgar St, Welland, Ontario L3C 1T3
197 Edgar St, Welland, Ontario L3C 1T3
  • $989,900

Overview

Property ID: X7023382
  • Business
  • Property Type
  • 1968
  • Sqft
  • Address 197 Edgar St
  • City Welland
  • State/county Ontario
  • Zip/Postal Code L3C 1T3

Description

Investors hunting for positive cash flow, look no further! 197 Edgar St. turnkey legal 3-unit home (aka triplex) is waiting for a savvy investor or homeowner looking for a mortgage helper (live in one unit and rent out the other two). Almost 2,000 sq ft. house is located in one of the top neighbourhoods in Welland, close to Chippewa Park, skating ponds, splash pads, Niagara College and lots of other amenities. All units (each approx. 1,000 sq. ft in size) have updated modern kitchens with quartz countertops and stainless-steel appliances. Unit 1 is 2 Bed 1 Bath (4-piece), Unit 2 is 3 bed 1 bath (4-piece) and Unit 3 is 2 bed 2 Bath (4-piece). In-suite laundry, spacious bedrooms and ample living space with a ton of natural light top off the main features of the home. Updates include: 3 separate hydro meters, 3 water tanks, roof, soffits, facia & downspouts. With projected rents of $6K/month or $72K/year this one is cash flow positive. Don’t miss out on this phenomenal property.

Details

Updated on October 19, 2023 at 11:24 am
  • Property ID: X7023382
  • Price: $989,900
  • Property Size: 1968 Sqft
  • Garage Size: x x
  • Property Type: Business
  • Property Status: Active

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Owned by Jason Macdermid RE/MAX Rouge River Realty Ltd.

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