101 Niagara Street

Nestled in the charming city of Welland, this remarkable Multi-Family Home for sale in Welland is located at 101 Niagara Street, Welland. This fully tenanted multiplex is an outstanding opportunity for those seeking a cash flow-positive investment. With tenants already in place, the property is currently generating an impressive annual income of $62,400, reflecting a robust cap rate of approximately 7%. This makes it an ideal choice for investors looking to enhance their portfolio with a well-located, income-generating asset.

The property boasts a generous layout, featuring a total of 10 rooms, including five spacious bedrooms and a den, perfect for various living arrangements. With four kitchens available, this Multi-Family Home for sale in Welland caters well to the needs of multiple families or groups, providing ample space for cooking and dining. The finished basement adds further versatility to the property, allowing for additional living space or storage options.

The exterior of the building is constructed from durable brick, ensuring both aesthetic appeal and longevity. The two-storey design provides a sense of grandeur, while the lot size of 56 X 93 feet offers a comfortable outdoor space, albeit without a pool. Although the property does not feature a garage or driveway, it does provide parking space for up to four vehicles, making it convenient for tenants and guests alike.

Situated in the 769 - Prince Charles community, this Multi-Family Home for sale in Welland is ideally positioned south of Woodlawn/41 on Niagara Street/50. The location is particularly advantageous, as it is close to a variety of amenities. Residents can enjoy easy access to local restaurants, Chippawa Park, shopping centres, schools, and public transportation options. This accessibility not only enhances the living experience for tenants but also contributes to the property's appeal as an investment.

In terms of utilities, the property is connected to municipal water and sewer systems, ensuring reliable services for all residents. The heating system is powered by forced air, providing warmth during the colder months. While the home does not have air conditioning or a central vacuum system, it is equipped with internet access, which is increasingly essential for modern living.

The property is being offered unfurnished, allowing potential buyers the flexibility to personalise the space according to their preferences or those of their tenants. The absence of a family room and fireplace may be noted, but the overall layout and number of rooms provide ample opportunities for comfortable living arrangements.

This Multi-Family Home for sale in Welland at 101 Niagara Street, Welland, presents a unique investment opportunity. With its fully tenanted status and strong rental income, it is an attractive proposition for investors looking to secure a reliable source of revenue. The combination of a well-maintained building, favourable location, and the potential for continued growth makes this property a standout choice in the Niagara area.

In conclusion, if you are in search of a promising investment in the heart of Welland, this Multi-Family Home for sale in Welland is not to be missed. With its strategic location at 101 Niagara Street, Welland, and its impressive income potential, it stands as a testament to the thriving rental market in the area. Seize the opportunity to add this exceptional property to your investment portfolio today!

Community 769 - Prince Charles, located in the city of Welland, offers a charming suburban atmosphere that combines the tranquillity of residential living with convenient access to urban amenities. This neighbourhood is characterised by its tree-lined streets, well-maintained parks, and a friendly, welcoming vibe. Residents can enjoy a range of local shops, schools, and recreational facilities, all within a short distance. The community is well-connected by public transport, making it easy to explore the wider Niagara region. With a strong sense of pride among its residents, Community 769 - Prince Charles is an ideal place for families and individuals seeking a peaceful yet vibrant environment to call home.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The nearest elementary school, Ross Public School, is just 0.7 km away and offers grades JK to 8, with a school rating of 5.1. Another nearby option is St. Kevin Catholic Elementary School, located 0.8 km from the property, which serves grades K to 8 and has a rating of 5. Additionally, Princess Elizabeth Public School, offering French-language education for grades 1 to 8, is 2.0 km away and boasts a higher rating of 6.9. For secondary education, Welland Centennial Secondary School is 1.7 km from the property, rated at 6.5, while Notre Dame College School, a Catholic institution, is only 0.9 km away with a rating of 6.0. The area also includes Alexander Kuska Catholic Elementary School, 3.0 km away, providing French-language education for grades K to 8 and rated at 5.4. With a mix of public and Catholic schools in close proximity, this location offers excellent educational options for children of all ages.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, stable community with a population of 517 residents. The average household size is 2.4, and the average age of residents is 43.1 years, indicating a mature population. The economic landscape is relatively robust, with an average household income of $98,000 and only 8% of the population classified as low-income. The average property price in the area is $590,000, reflecting a competitive real estate market. Approximately 47.67% of the population is single, while 38.46% of households include children, suggesting a family-friendly environment. The area has a diverse demographic, with 7.92% of residents being immigrants. Renters make up 37.21% of the population, although there are no condominiums available. Education levels are high, with 61.54% of residents holding a college or university degree. However, a significant portion of the population, 35.16%, is not in the labor force, which may indicate a mix of retirees and individuals pursuing education or other interests. Overall, this community offers a blend of stability, educational attainment, and a moderate economic profile, making it an attractive place for families and professionals alike.