52 - 54 Second Street

Nestled in the heart of Welland, at 54 Second Street, this impressive Multi-Family Home for sale in Welland presents an exceptional opportunity for investors and those seeking a versatile living arrangement. This meticulously maintained brick multiplex boasts a solid structure and has been thoughtfully updated, making it an ideal choice for anyone looking to invest in a property that combines comfort with functionality.

The building, which is a two-storey design, features a total of six bedrooms and five bathrooms, accommodating a variety of living situations. The layout is particularly advantageous, comprising three one-bedroom apartments and two two-bedroom apartments, all of which come with separate entrances. This arrangement not only provides privacy for each unit but also enhances the potential for rental income. The property is currently fully occupied, generating a net income of approximately £45,000 per year, although one unit is available for viewing, making it perfect for a prospective buyer who wishes to occupy a space themselves.

The address, 54 Second Street, Welland, is situated in a community that is primarily residential, with a handful of multi-units scattered among charming single-family homes. This location is not only desirable for its peaceful atmosphere but also for its proximity to local amenities and services. The area of Niagara is known for its welcoming environment, making this Multi-Family Home for sale in Welland an attractive option for both tenants and homeowners alike.

Inside the property, you will find a total of 20 rooms, which includes four kitchens—one for each unit, plus an additional kitchen that could be used for communal purposes. This is particularly beneficial for multi-generational living or for those who wish to have a communal dining area. The finished basement offers laundry facilities in a common area, ensuring convenience for all residents. Although there is no family room, the spacious layout of the apartments allows for comfortable living spaces within each unit.

The building is equipped with updated electrical panels and a fire sprinkler system in the basement common area, with the last ESA inspection conducted in 2023, ensuring safety and compliance with current regulations. A new gas boiler was installed in 2020, providing efficient heating throughout the property. The heat type is water, and the property benefits from municipal water and sewer services, making it a hassle-free investment.

Parking is another advantage of this Multi-Family Home for sale in Welland, with a private double driveway that accommodates up to five vehicles. Additionally, there is a detached garage with space for three cars, providing ample room for both residents and guests. The lot itself measures 60 X 165 feet, offering a generous outdoor space, although there are no additional features such as a pool or central vacuum system.

As this property is unfurnished, it allows new owners the freedom to personalise each unit to their taste. The window air conditioning units provide cooling during the warmer months, ensuring comfort for all tenants.

In summary, 54 Second Street, Welland, is a unique Multi-Family Home for sale in Welland that stands out in the market. Its solid construction, strategic location, and potential for rental income make it a sound long-term investment. Whether you are looking to expand your portfolio, occupy a unit while collecting rent, or accommodate a multi-generational family, this property offers endless possibilities. For further details regarding income and expenses, do not hesitate to contact the listing agent. This is an opportunity not to be missed!

The 773 - Lincoln/Crowland area in Welland offers a charming blend of suburban tranquillity and convenient access to urban amenities. Nestled within a picturesque landscape, this community features a variety of residential options, from quaint single-family homes to modern townhouses, catering to diverse lifestyles. Residents enjoy the benefits of well-maintained parks, local shops, and schools, all within a short distance. The area is well-connected by public transport and major roadways, making it easy to explore the wider Niagara region. With its friendly atmosphere and a strong sense of local pride, 773 - Lincoln/Crowland is an inviting place for anyone looking to settle in a welcoming environment.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Just 0.4 km away, Plymouth Public School offers a strong elementary education in English for grades JK to 8, boasting an impressive rating of 4.9. Another nearby option is St. Mary Catholic Elementary School, also 0.4 km away, providing Catholic education for grades K to 8, though with a lower rating of 2.6. For secondary education, Eastdale Secondary School is located 2.0 km from the property and has a remarkable rating of 5.2, serving grades 9 to 12. Additionally, Notre Dame College School, a Catholic secondary institution, is 2.1 km away with a rating of 6.2. For families interested in French language education, Princess Elizabeth Public School, located 1.4 km from the property, offers grades 1 to 8 and has a solid rating of 7. Lastly, Alexander Kuska Catholic Elementary School is a bit further at 4.4 km, providing Catholic education in French for grades K to 8, with a rating of 5.4. Overall, the area offers a variety of educational options catering to different preferences and needs.