35 Dain Avenue

Introducing a remarkable opportunity: a Multi-Family Home for sale in Welland , located at 35 Dain Avenue, Welland. This upgraded triplex is nestled in the thriving community of 773 - Lincoln/Crowland, ideally positioned near the Welland Canal and the new Linamar Giga Casting facility. The property is strategically situated across from Phase One of Multani Homes and in close proximity to the expanding Empire Canals development, making it a prime investment with excellent rental potential.

This impressive Multi-Family Home for sale in Welland features three self-contained units, providing ample living space for various tenants. The first unit boasts three bedrooms and one bathroom, perfect for families or groups seeking a comfortable home. The second unit offers two bedrooms and one bathroom, while the third unit is a cosy one-bedroom, one-bathroom space, ideal for singles or couples. With a total of six bedrooms and three bathrooms across the property, this home is well-equipped to cater to a diverse range of tenants.

The building itself is a two-storey multiplex, clad in durable vinyl siding, which not only enhances its aesthetic appeal but also ensures low maintenance. The property encompasses a total of eight rooms, including three kitchens, which are essential for the self-contained nature of each unit. Although there is no additional kitchen or den, the layout is designed to maximise functionality and comfort for its residents.

While the Multi-Family Home for sale in Welland does not feature air conditioning or a pool, it does provide a family room that adds to the communal living experience. The property is unfurnished, allowing potential tenants to personalise their space according to their preferences. Heating is provided by a forced air system, ensuring warmth during the colder months.

The property is connected to municipal water and sewer services, offering convenience and reliability. A full, unfinished basement with a separate entrance presents opportunities for additional storage or potential future development. The property is equipped with separate hydro meters for each unit and two gas meters, allowing for easy management of utilities.

Parking is not an issue at 35 Dain Avenue, Welland, as the property includes a right-of-way driveway with space for three vehicles. However, it is important to note that there is no garage space available. The lot measures 33 by 114 feet, providing a manageable outdoor area without the burden of excessive maintenance.

Extensive renovations have been completed on this Multi-Family Home for sale in Welland, ensuring that it meets modern standards and appeals to prospective tenants. These improvements include a new roof, basement waterproofing, and enhanced air quality systems, which contribute to a healthier living environment. Energy-efficient windows and doors have been installed, along with improved insulation, updated electrical and plumbing systems, and premium vinyl plank flooring throughout the building.

This property is ideally located within a short distance of educational institutions such as Niagara College and Brock University, making it particularly attractive to students and young professionals. The ongoing development in the area further enhances the rental income potential, as demand for housing continues to grow.

In summary, 35 Dain Avenue, Welland, presents an exceptional investment opportunity as a Multi-Family Home for sale in Welland. With its strategic location, extensive renovations, and well-designed living spaces, this property is poised to attract a wide range of tenants and generate strong rental income. Don't miss the chance to invest in this promising property in a rapidly growing community.

The 773 - Lincoln/Crowland area in Welland is a charming and inviting neighbourhood that offers a blend of suburban tranquillity and convenient access to urban amenities. Nestled amidst picturesque parks and green spaces, it boasts a family-friendly atmosphere with a range of schools, shops, and recreational facilities nearby. Residents enjoy a strong sense of community, with well-maintained streets and a variety of housing options that cater to different lifestyles. The area's strategic location provides easy access to major transport routes, making it an ideal choice for those who appreciate a peaceful residential environment while still being close to the vibrant heart of Welland.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a short distance, you will find Diamond Trail Public School, just 0.9 km away, offering grades JK to 8 with a school rating of 5.3. For younger students, Princess Elizabeth Public School is located 1.7 km from the property, providing a French-language curriculum for grades 1 to 8 and boasting a higher school rating of 7. St. Mary Catholic Elementary School, also nearby at 0.8 km, serves grades K to 8, but has a lower rating of 2.6. For secondary education, Eastdale Secondary School is situated 2.3 km away, catering to grades 9 to 12 with a rating of 5.2. Additionally, Notre Dame College School, located 3.0 km from the property, offers a Catholic education for grades 9 to 12 and has a school rating of 6.2. Overall, this area provides a diverse range of schooling options, including both public and Catholic institutions, ensuring that families have access to quality education in various languages and grade levels.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 521 residents, with an average household size of 2.4 individuals. The demographic profile indicates a mature community, with an average age of 41.3 years. The average household income stands at $76,500, though 13.6% of the population is classified as low-income. The real estate market shows an average home price of $380,000, reflecting a stable housing environment. A significant portion of the population, 45.98%, is single, while 35.48% of households include children, suggesting a mix of family structures. The community is relatively diverse, with 8.74% of residents being immigrants. Renters make up 30.23% of the housing market, although there are no condominiums available in the area. Educational attainment is notable, with 40% of the population holding a college or university degree. However, it is worth mentioning that 40% of residents are not in the labor force, indicating potential challenges in employment opportunities. Overall, this demographic snapshot paints a picture of a well-educated, diverse community with a mix of family and single households, alongside a stable housing market.