225 Chaffey Street

Nestled in the heart of Welland, at 225 Chaffey Street, this Multi-Family Home for sale in Welland is an exceptional opportunity for investors and families alike. This charming multiplex, built in the classic 2-storey style, boasts a robust structure with a stucco exterior that not only adds character but also ensures durability. With its prime location, this property sits within the bustling community of 773 - Lincoln/Crowland, making it an attractive option for those seeking a vibrant neighbourhood to call home.

The property features a generous layout with a total of nine rooms, including four well-appointed bedrooms and two bathrooms. The two kitchens are particularly noteworthy, providing ample space for culinary adventures and family gatherings. Although the home is unfurnished, this allows new owners the freedom to design and decorate the space to their taste. The absence of a den and family room may be a consideration for some, but the spaciousness of the bedrooms and the additional rooms more than compensate for this.

One of the standout features of this Multi-Family Home for sale in Welland is its impressive income potential. With a projected net operating income (NOI) of over £40,000 and a cash flow exceeding £900 per month, this property is a solid investment in a high-demand rental market. Each of the two spacious 2-bedroom units has separate utilities, ensuring that tenants can enjoy their own privacy and independence. This setup not only enhances the living experience but also simplifies management for any prospective landlord.

The basement of the property is a real gem, featuring a separate entrance and full ceiling height, which opens up exciting possibilities for a triplex conversion. The basement has been waterproofed and includes a sump pump, making it ready for transformation into additional living space. This potential for expansion adds significant value to the Multi-Family Home for sale in Welland, appealing to investors looking to maximise their return on investment.

Parking is another advantage of this property. The private double driveway can accommodate up to four vehicles, providing ample space for tenants and guests alike. While there is no garage on the premises, the convenience of off-street parking is a considerable benefit in this busy area. Additionally, the property is equipped with central air conditioning, ensuring comfort throughout the warmer months.

The age of the building, between 51 and 99 years, adds a sense of history and charm, while the lot size of 40 x 125 feet offers plenty of outdoor space for potential landscaping or recreational activities. The property is connected to municipal water and sewer services, ensuring reliable utilities for all residents.

For those concerned about amenities, the absence of a pool and fireplace might be a downside, but the property is well-equipped with internet access, allowing residents to stay connected. Furthermore, the forced air heating system provides efficient warmth during the colder months, ensuring a comfortable living environment year-round.

In summary, 225 Chaffey Street, Welland, presents a fantastic opportunity as a Multi-Family Home for sale in Welland. With its strategic location, impressive income potential, and the possibility for expansion, this property is a must-see for anyone looking to invest in the thriving Welland market. Whether you're an experienced investor or a first-time buyer, this duplex offers the perfect blend of comfort, convenience, and potential. Don't miss out on this remarkable chance to own a piece of Welland's vibrant community!

The 773 - Lincoln/Crowland area in Welland is a charming and inviting neighbourhood that seamlessly blends residential comfort with convenient access to local amenities. Characterised by its tree-lined streets and a mix of modern and traditional homes, this community offers a serene suburban atmosphere while being just a short drive from the vibrant downtown area. Residents can enjoy nearby parks, schools, and shopping facilities, making it an ideal location for families and individuals alike. With its friendly vibe and strong sense of local identity, 773 - Lincoln/Crowland presents an appealing option for those looking to settle in a welcoming and well-connected part of Welland.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest option is Diamond Trail Public School, an English-language elementary school just 0.7 km away, serving grades JK to 8, with a school rating of 5.3. Another nearby elementary school is Princess Elizabeth Public School, located 1.9 km away, which offers French-language instruction for grades 1 to 8 and boasts a higher rating of 7. For secondary education, Eastdale Secondary School is situated 2.4 km from the property, providing education for grades 9 to 12 with a rating of 5.2. Additionally, St. Mary Catholic Elementary School, 1.1 km away, offers a Catholic education for grades K to 8, though it has a lower rating of 2.6. For those seeking a Catholic secondary school, Notre Dame College School is located 3.3 km away, with a rating of 6.2. Overall, the area provides a variety of schooling options, catering to different educational preferences and needs, ensuring that families have access to quality education within a short distance from their home.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 562 residents, with an average household size of 2.4 individuals. The demographic profile indicates an average age of 40.7 years, suggesting a mature community. The average household income stands at $74,500, though 14.4% of the population is classified as low-income. The real estate market reflects an average property price of $400,000, which may appeal to a range of buyers. Notably, 46.74% of the population is single, while 37.5% of households include children, indicating a mix of family types. The area has a small immigrant population of 6.14% and a rental rate of 29.79%, with no condominiums present. Education levels are relatively high, with 56.47% of residents holding a college or university degree. However, a significant portion of the population, 35.29%, is not in the labor force, which may influence local economic dynamics. Overall, this community presents a diverse demographic landscape, combining elements of family life, educational attainment, and varying income levels, making it an intriguing area for potential buyers or investors.