26 ALBINA STREET, Welland (Broadway)

$499,900

For sale: Multiplex

Property type

Multi-family

Bedrooms / bathrooms

3 bedrooms, 3 bathrooms

Living area

2,000 sqft

MLS number

MLS® X13055268

Neighbourhood

772 - Broadway

Three Self-Contained Units Offering Strong Income Potential With An Added Opportunity To Acquire A Rare Severed Side Lot For Additional Future Development If Desired. This Property Is Ideal For Investors Looking To Expand Their Portfolio Or Buyers Seeking A House Hack Opportunity While Benefiting From Long-Term Upside. Unit 1 Is Located On The Front Ground Floor And Was Fully Renovated In 2020 With A Modern Kitchen, Updated Bathroom, And New Flooring, Currently Rented At $1,100/Month + 33% Utilities. Unit 2 Located On The Second Floor Was Refreshed In 2021 With Updated Flooring And Vanity And Is Currently Vacant, Providing An Excellent Opportunity To Set Market Rent Or Move In. Unit 3 The Rear Ground Floor Unit Provides Stable All-Inclusive Income At $1,100/Month. Tenants Are Excellent And On Month-To-Month Leases, Offering Flexibility To Optimize Rents Over Time. Key Updates Include Shingles (2016), Windows, Electrical Wiring, And Portions Of The Plumbing. As An Added Bonus, A Separately Severed Side Lot Is Available With Concept Plans Showing Potential For A Triplex Or Sixplex Development , Creating A Unique Opportunity For Those Looking To Combine Immediate Cash Flow With Future Growth.