Listing Presented by Dan Evangelista, Sales Representative with Garden City Realty Inc., Brokerage St.Catharines
(905) 323-7022
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Contact:Dan Evangelista, Sales Representative
Garden City Realty Inc., Brokerage St.Catharines Direct Line:(905) 323-7022
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MLS®#: 40554982
$624,900
458 Harriet Street
Welland
ON
L3B 2J1
Active
Description:
Welcome to the remarkable duplex at 458 Harriet Street. This property boasts an impressive cap rate of 8.19% and has seen
extensive renovations over the past two years.
One of the significant upgrades is the heating system, which has been transitioned to multiple Ductless Mini Split units.
This innovative system allows for individualized heat and hydro control for each unit, with tenants covering their own
hydro costs, encompassing both heating and electricity.
The property features three units, each fully rented. The layout includes an upper-level two-bedroom unit, a main-floor
two-bedroom unit that was updated in 2022, and a lower-level three-bedroom unit that was updated in 2022, all units have their
own separate entrance.
Adding to the property's appeal is an expansive double-car garage, which is currently rented out and features its own seperate hydro meter for future expansion.
Described as a duplex, this property effectively functions as three self-contained units, offering a unique investment
opportunity. Experience the blend of functionality and revenue at 458 Harriet Street.
Directions:
ONTARIO RD AND SOUTHWORTH
Property Type: Residential Income Property Sub-Type: Duplex Up/Down Area: Welland Square Feet: 1780 Bedrooms: 7 Total Bathrooms: 3 Year Built: 1949
Age:
75 Basement: Separate Entrance, Full, Finished Garage/Parking:
Space for 2 Vehicles
Neighborhood: 773 - Lincoln/Crowland County: Niagara Acres:
0.1120
Lot Dimensions: 97 x 49.97 Taxes: $3,163.00 Tax Year: 2023 Total Units: 4 Lot Square Feet: 4878.72 Cooling: Ductless Exterior: Block, Stucco Heat: Baseboard, Electric, Heat Pump Roof: Asphalt Shing Sewer: Sewer (Municipal) Water: Municipal Zoning: R1
Financing:
Taxes: $3,163.00 Net Op Income: $54,393.00
FEATURES:
Basement
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