50 FIFTH STREET, Welland (Lincoln/Crowland)

$584,900

For sale: Multiplex

Property type

Multi-family

Bedrooms / bathrooms

4 bedrooms, 3 bathrooms

Living area

1,500 sqft

MLS number

MLS® X13071046

Neighbourhood

773 - Lincoln/Crowland

Excellent duplex opportunity in the heart of Welland! Whether you're an investor looking for steady cash flow or a first-time buyer hoping to offset your mortgage, this updated duplex checks all the boxes. The property currently generates $3,300/month in rental income, with reliable tenants in place who would love to stay. Both units offer modern updates, including refreshed kitchens, bathrooms, flooring, paint, and contemporary finishes throughout. Situated on a deep lot in a convenient location close to Welland County General Hospital, schools, parks, shopping, and everyday amenities. Photos were taken prior to the current tenants moving in. A fantastic opportunity to step into the market with an income-producing property in a growing Niagara community. Zoning allows short-term rentals. Main level unit to be vacant July 1st.