196 Ross Street

Welcome to an excellent investment opportunity in the heart of Welland! This solid multiplex is a rare find for savvy investors looking to add a Multi-Family Home for sale in Welland to their portfolio. Located at 196 Ross Street, Welland, this property is not just a house; it’s a cashflow machine, boasting over £72k in annual income. With its impressive features and prime location, this Multi-Family Home for sale in Welland is sure to attract attention.

The property is a well-maintained two-storey building, featuring a charming combination of brick veneer and vinyl siding on the exterior. With five spacious bedrooms and one den, it offers ample living space for multiple families or tenants. There are a total of 11 rooms, including three kitchens, which is a fantastic asset for a multi-unit dwelling. Each unit is equipped with separate hydro meters, along with a house meter, ensuring added convenience and long-term cost efficiency for the residents.

Situated on a generous lot measuring 40 x 134 feet, this Multi-Family Home for sale in Welland provides a private driveway with parking space for up to four vehicles. Although there is no garage space, the private driveway allows for easy access and parking for tenants. The property is unfurnished, giving new owners the flexibility to style it to their liking.

As for the amenities, this home is equipped with radiant heating, ensuring a warm and comfortable environment throughout the colder months. While there is no air conditioning or central vacuum system, the property does benefit from municipal water and sewer services, which is a significant advantage for any residential property. Additionally, the basement is finished, providing extra living space or storage options, which is always a plus for tenants.

One of the standout features of this Multi-Family Home for sale in Welland is its zoning as Residential Medium Density (RM). This designation allows for excellent flexibility and future potential, making it an attractive investment for those looking to expand their property portfolio. The mechanically updated elements, including a breaker panel, vinyl windows, a boiler, and new roof shingles, further enhance the appeal of this property, ensuring that it is ready for immediate occupancy or rental.

Located in the vibrant community of 768 - Welland Downtown, 196 Ross Street, Welland, is ideally positioned close to public transit, schools, parks, shopping, and everyday amenities. Just minutes away from downtown Welland and the Welland Canal, this location is also convenient for those attending Niagara College or needing easy access to major roads leading to Niagara Falls, St. Catharines, and Highway 406. The strong rental demand in the area, coupled with a growing community, makes this Multi-Family Home for sale in Welland an excellent opportunity for steady cash flow and future appreciation.

In conclusion, if you’re a savvy investor looking to make a smart addition to your portfolio, this Multi-Family Home for sale in Welland is not to be missed. With its prime location at 196 Ross Street, Welland, and its impressive features, this property is a solid investment in one of Niagara's up-and-coming markets. Don’t let this opportunity pass you by; come and see for yourself what this fantastic property has to offer!

Welland Downtown, nestled in the heart of Welland, is a vibrant and inviting geographic area that beautifully blends historical charm with modern amenities. The streets are lined with an eclectic mix of shops, cafes, and restaurants, creating a lively atmosphere that caters to both locals and visitors alike. The community is characterised by its picturesque parks and waterfront along the Welland River, offering ample opportunities for outdoor activities and leisurely strolls. With a strong sense of local pride, Welland Downtown hosts various events throughout the year, fostering a welcoming environment for residents. Its convenient access to public transport and proximity to essential services make it an ideal location for those seeking a dynamic yet comfortable lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within a short distance, you'll find Ross Public School (1.1 km), an English-language public elementary school serving grades JK to 8, with a school rating of 6.1. Just 1.5 km away is Princess Elizabeth Public School, which offers French-language instruction for grades 1 to 8 and boasts a higher rating of 7. St. Kevin Catholic Elementary School, located only 0.8 km from the property, provides English-language education for grades K to 8 and has an impressive rating of 7.2. For secondary education, Eastdale Secondary School is situated 1.7 km away with a rating of 5.2, while Notre Dame College School, a Catholic institution, is even closer at 0.7 km, rated at 6.2. Additionally, Alexander Kuska Catholic Elementary School, offering French-language education for grades K to 8, is located 3.4 km away. With a variety of educational options, including both public and Catholic schools, families can feel confident in the quality of education available in this vibrant community.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 1,459 residents, with an average household size of 2.2. The community is characterized by a mature demographic, with an average age of 52.7 years. The average household income stands at $100,800, indicating a relatively affluent population, although 10% of residents are classified as low-income. The average property price in the area is $644,000, reflecting the demand for housing. A significant portion of the population, 34.09%, is single, while 23.23% of households include children, suggesting a diverse family structure. Immigrants make up 21% of the population, contributing to the area's cultural richness. Renters account for 15.79% of the housing market, and condos represent 8.27% of the properties available. Education levels are high, with 56.03% of residents holding a college or university degree. However, it is noteworthy that 60.7% of the population is not in the labor force, which may influence the local economy and community dynamics. Overall, this area presents a blend of stability and diversity, making it an attractive option for potential homeowners and investors alike.