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29 Afton Avenue Welland, Ontario L3B 1V6

8 Bedroom 4 Bathroom 3220
Central Air Conditioning Forced Air

$1,400,000

Here is your opportunity to take over a newly constructed multi-plex that is fully leased with great tenants and potential to finish 2 more units! Built in 2021 by Mountainview, this building is a turn-key investment. All units are separately metered for gas and hydro with all Tenants paying for their own gas and hydro. Each unit is 2 bedrooms, 1 bathroom with in-suite laundry, own furnace, own central air conditioner, own hot water heater, a full kitchen with stainless steel fridge, stove & dishwasher and bright open living space measuring 805 sqft each. There is potential to complete the lower level two units that replicate the other 4 units, making this a 6-plex. The exterior walls in the basement are drywalled and water is all plumbed-in. There are a total of 6 off-street parking spots, one assigned for each unit. Security cameras installed on exterior of building. Start your retirement plan earning passive income from this great opportunity! The landlord currently has a 5% cap rate and potential for 8% once the lower two units are completed and leased. Landlord pays water/sewer and property tax. Security camera and secured main entrance installed on the exterior of the building. Floor plans are available. (id:49109)

Property Details

MLS® Number 40544779
Property Type Multi-family
Amenities Near By Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features Quiet Area, Community Centre, School Bus
Equipment Type Water Heater
Features Shared Driveway
Parking Space Total 6
Rental Equipment Type Water Heater

Building

Bathroom Total 4
Bedrooms Total 8
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 2021
Cooling Type Central Air Conditioning
Exterior Finish Vinyl Siding
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 3220
Utility Water Municipal Water

Land

Access Type Highway Access
Acreage No
Land Amenities Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 130 Ft
Size Frontage 45 Ft
Size Total Text Under 1/2 Acre
Zoning Description Residential

https://www.realtor.ca/real-estate/26548425/29-afton-avenue-welland

Interested?

Contact us for more information


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Rebecca Scarlett
Broker

(289) 926-0130
(905) 892-8152
rebecca-scarlett.c21.ca/

Century 21 Today Realty Ltd, Brokerage
1027 Pelham St,p.o.box 29
Fonthill, Ontario L0S 1E0

(905) 892-2632
(905) 892-8152
www.century21today.ca

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