256 Lincoln Street,Welland, ON L3B 4N1
Welland, ON L3B 4N1
Description
A turnkey, income generating property in the heart of Welland. This exceptionally well maintained, 5-unit residential apartment building sits in a highly desirable central location, offering strong rental appeal and long-term value, with significant recent capital improvements including a new hot water heating system (2024), newer vinyl thermo windows 2018, and with on-site laundry for all tenants. Most units feature updated flooring and fresh paint, while the exterior stucco 2021 is in excellent condition reflecting the pride of ownership. Tenants benefit from an unbeatable location within walking distance to a major shopping plaza on Lincoln St., two elementary schools, the scenic Welland Canal walking and cycling paths, and vibrant downtown amenities. This property is also serviced by the Niagara Region wide bus route, making it attractive to a broad tenant base. Additional highlights include separate hydro meters, on site parking, and a double car garage at the rear of the property with the potential to generate an additional $1,200 annually by renting out half the garage space. Currently tenanted by quality, reliable residents, this solid and centrally located multi-unit investment asset represents a rare find in one of Niagara's growing communities.
Details
| MLS # | X13125466 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 102 |
| Listing Provided By | REAL BROKER ONTARIO LTD. | X13125466 384018 |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 5 |
| Garage | 2 |
| Story(s) | 2 |
| Acreage | 0.12 |
Interior
| Interior Features | Separate Hydro Meter |
|---|---|
| Cooling | Other |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Landscape Lighting, Patio, Deck |
|---|---|
| Roof | Asphalt Shingle, Membrane |
| Foundation Details | Concrete Block |
| Construction Materials | Stone |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Available, Private |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 3632 |
|---|---|
| Tax Legal Description | PT LT 26 PL 573 AS IN RO703390 ; WELLAND |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Niagara |
| City | Welland |
| Postal Code | L3B 4N1 |
| Area | 768 Welland Downtown |
| Listing VS Median (in L3B 4N1) | |
Price: $1,099,900 low | high Med: $0 On site: 102 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Niagara |
| City | Welland |
| Postal Code | L3B 4N1 |
| Area | 768 Welland Downtown |
| Listing VS Median (in L3B 4N1) | |
Price: $1,099,900 low | high Med: $0 On site: 102 low | high Med: | |
