58 Griffith Street

Welcome to this fantastic opportunity: a Multi-Family Home for sale in Welland ! Nestled at 58 Griffith Street, Welland, this modern bungalow-raised multiplex is perfect for anyone looking to invest in a prime property. With its spacious layout and impressive features, this home is designed to cater to the needs of multiple families or savvy investors seeking rental income.

As you approach the property at 58 Griffith Street, Welland, you’ll immediately notice the attractive vinyl siding that gives the exterior a fresh and contemporary feel. The home boasts a generous lot size of 33 X 132 feet, providing ample outdoor space for relaxation or play. The private double driveway leads to a built-in garage, offering convenient parking for one vehicle, while there’s additional space for another car.

This Multi-Family Home for sale in Welland is truly a gem, featuring a total of 18 rooms, including six sizeable bedrooms and five bathrooms, which is perfect for accommodating families or groups. Each of the two units within the property has three large bedrooms, plus a den, which can be used as a study or an extra guest room. The open-concept kitchen, dining room, and living room in both units create a welcoming atmosphere, ideal for family gatherings or entertaining guests.

The upper unit is particularly impressive, with its spacious layout that allows for plenty of natural light to flow through. The kitchen is well-equipped, making meal preparation a breeze, while the dining area is perfect for enjoying family meals together. The lower unit mirrors this layout, providing a similar sense of space and comfort. Each unit is fitted with independent HVAC systems and on-demand water heaters, ensuring that tenants enjoy their own climate control and hot water without any hassle.

One of the standout features of this Multi-Family Home for sale in Welland is the basement apartment, which adds even more potential for rental income or could serve as a private space for guests. The lower level is only 4 feet below ground but boasts impressive 9-foot ceilings, making it feel bright and airy.

The property is located in the vibrant community of 768 - Welland Downtown, providing easy access to local amenities, shops, and restaurants. Residents will appreciate the convenience of municipal water and sewer services, ensuring that all essential utilities are readily available. Internet connectivity is also included, making it easy for tenants to stay connected.

Although this home does not come with a pool or fireplace, it offers everything you need for comfortable living. The central air conditioning will keep you cool during those warm summer months, while the forced air heating system ensures a cosy environment in the winter. The property is unfurnished, allowing new owners to personalise the space to their taste.

With a rental income potential of $4,400 per month and tenants responsible for all bills, this Multi-Family Home for sale in Welland represents an excellent investment opportunity. The concrete driveway and walkway lead to a large backyard, perfect for outdoor activities or simply enjoying the fresh air.

In summary, 58 Griffith Street, Welland, is a modern, well-appointed property that offers an abundance of space and features for families or investors alike. Whether you’re looking to live in one unit and rent out the other or simply add to your investment portfolio, this Multi-Family Home for sale in Welland is not to be missed. With its prime location, spacious layout, and impressive rental potential, it truly is a fantastic find in the heart of Welland. Don’t hesitate to come and see it for yourself!

Welland Downtown, located in the heart of Welland, Ontario, is a vibrant and inviting area that beautifully blends historical charm with modern amenities. As a potential resident, you'll appreciate the lively atmosphere, characterised by a mix of quaint shops, local eateries, and cultural attractions that reflect the city's rich heritage. The picturesque Welland River runs nearby, offering scenic walking paths and recreational opportunities. With its strong sense of community spirit, convenient access to public transport, and a variety of events throughout the year, Welland Downtown provides a welcoming environment that caters to both families and individuals seeking a lively yet relaxed lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The closest is Plymouth Public School, just 0.8 km away, offering English instruction for grades JK to 8 and boasting an impressive rating of 4.9. Another nearby option is St. Mary Catholic Elementary School, located 0.9 km from the property, providing a Catholic education for grades K to 8, though it has a lower rating of 2.6. For secondary education, Eastdale Secondary School is only 1.9 km away, with a high rating of 5.2, and Notre Dame College School, a Catholic institution, is 1.3 km from the property, rated at 6.2. Additionally, Princess Elizabeth Public School, which offers French language instruction for grades 1 to 8, is located 1.4 km away and has a commendable rating of 7. Lastly, Alexander Kuska Catholic Elementary School is slightly farther at 3.7 km, providing French instruction for grades K to 8 and rated at 5.4. Overall, the area offers a diverse range of educational options, ensuring that families have access to quality schooling for their children.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 540 residents, characterized by an average household size of 1.8 individuals. The community has a median age of 42.2 years, suggesting a mature population. The average household income stands at $54,400, with a significant portion, 38.8%, classified as low-income. The real estate market reflects an average property price of $420,000, indicating a moderate cost of living. A notable 68.09% of the population is single, while only 24% of households include children, highlighting a trend towards smaller family units. The rental market is predominant, with 76.19% of residents renting their homes, and there are no condominiums available in the area. The community is also diverse, with 7.5% of residents being immigrants, and educational attainment is relatively high, with 36.19% holding a college or university degree. However, the labor force participation is low, with 52.38% of the population not engaged in the workforce. This demographic snapshot suggests a community that is primarily composed of single individuals, with a significant rental market and a mix of educational backgrounds.