99 Beatrice Street
Welland, ON L3B 2Z2

  • Building Type: 6-plex
  • Sq. Ft.: 2,727
  • MLS#: 30703208

Great opportunity to own a 6-plex in the heart of Welland! Operating with a cap rate of approximately 5%, obtaining gross rents of $47,702 with full occupancy, this is your chance to add to your investment portfolio. Fully rented with wonderful tenants(four of which have been living at the property for over 10 years), this turn-key investment has been nicely maintained and offers great potential for it’s next owner. This building is complete with 5 two bedroom units and 1 three bedroom unit, a large yard, lots of parking, and coin-operated laundry. Opportunities like this are few and far between, act today before it is gone. Please note, all showings are to be held between 4 and 7pm on Wednesdays and 12 and 3pm on Saturdays and Sundays, 48 hours’ notice is required for all showings.

  • Total Units: 6 (all units occupied)
  • Financial: A cap rate of approximately 5%, obtaining gross rents of $47,702 with full occupancy
  • Total Bedrooms: 5, 2-bedroom units and 1, 3-bedroom units
  • Square Footage: 2,727
  • Roof: Asphalt Shingle
  • Exterior: Brick, Vinyl Siding
  • Foundation: Concrete Block
  • Year Built: 100+ Years
  • Basement Size/ Development: Full/Fully Finished/Separate Entrance
  • Garage: None
  • Driveway Parking/Type: 4.0/Private Triple Plus Wide/Gravel
  • Lot Front: 58.01 Ft Ft
  • Lot Depth: 125.00 Ft
  • Lot Shape: Rectangular

Equipment Included

  • Refrigerators 6
  • Stoves 6
  • Washers 1
  • Dishwashers 0
  • Dryers 1
  • Microwave 0

Public Remarks
Great opportunity to own a 6-plex in the heart of Welland! Operating with a cap rate of approximately 5%, obtaining gross rents of $47,702 with full occupancy, this is your chance to add to your investment portfolio. Fully rented with wonderful tenants(four of which have been living at the property for over 10 years), this turn-key investment has been nicely maintained and offers great potential for it’s next owner. This building is complete with 5 two bedroom units and 1 three bedroom unit, a large yard, lots of parking, and coin-operated laundry. Opportunities like this are few and far between, act today before it is gone. Please note, all showings are to be held between 4 and 7pm on Wednesdays and 12 and 3pm on Saturdays and Sundays, 48 hours’ notice is required for all showings.

  • Inclusions: 6 stoves, 6 fridges, coin washer and dryer
  • Exclusions: All tenant’s belongings
  • Elem Schools: Diamond Trail PS
  • Sec Schools: Eastdale SS
  • Price: $457,900
  • Property Taxes: $4,759/2018
  • Zoning: RL2
  • Fronting On: East