$275,000

227 Lincoln Street

Welland ON, L3B 4M8

Description

Two Unit Investment property with great long term tenants. Ideal to start or expand your Real Estate portfolio. Unit One- The Main Floor (occupies main floor and lower floor). It is accessed through the rear. 1 bedroom with a well-equipped kitchen, large washroom and in-suite laundry, utility room (note the main floor living area could be interchanged to a bedroom). The tenant that has been there for over 2 years and is happy to remain in the property and pays $840/ month all inclusive (hydro, gas, water). Unit Two- The upper unit is a one bedroom unit and is accessed through the front of the property (fronting on Lincoln Street). Well distributed one-bedroom apartment, practical kitchen, 3 piece bathroom. The current tenant also wants to stay and is paying $850/month all inclusive (hydro, gas, water). There are 2 parking spaces at the rear of the property, one for each unit, accessed via the laneway behind the property. Great opportunity! Unit 1 Main/ Basement (Back)- $840 Lease ends August 31st, 2020 Unit 2 Upper (Front)- $850 Month to Month since January 31st, 2020

Details

MLS#30802624
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site40

Features

Bed(s)2
Bath(s)2fb
SQ Feet950
Story(s)2 Storey

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Area Information

ProvinceON
CountyNiagara
CityWelland
Postal CodeL3B 4M8
AreaWelland
Community NameLincoln / Crowland
Listing VS Median (in Lincoln / Crowland)
Price:
$275,000
low | high
Med:
$374,900
13.672727272727% of Average
SqFt:
950
low | high
Med:
0
100% of Average
$ / SqFt:
$289
low | high
Med:
$0
100% of Average
On Site:
40
low | high
Med:
10
100% of Average
Listing Updated: 05/23/2020
MLS Number: 30802624
Listing Provided By:
ERIC CLEARY  of  REVEL REALTY INC.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by ONTARIO REGIONAL TECHNOLOGY & INFORMATION SYSTEMS INC. (ORTIS)