80 Mill Street Welland, Ontario L3C 4Y2
$799,900
PRIME RIVERFRONT INVESTMENT OPPORTUNITY! 80 Mill St, a rare and lucrative investment opportunity awaits with this triplex, strategically located in the heart of Welland. This property features (3) distinct rental units, making it an ideal choice for investors seeking immediate cash flow and long term growth potential. Situated on a generous .50 acre lot backing onto the Welland River, this triplex combines tranquillity of a country like setting with the convenience of urban amenities, ensuring strong tenant appeal and consistent rental demand. The main floor unit is a standout, having been updated to modern standards offering a spacious 3 bedroom, 2 bathroom layout, complete with a finished basement that adds valuable space. The two upper units, each featuring 1 bedroom and 1 bathroom, are currently tenanted, providing investors with immediate rental income. The property's exterior is equally impressive, with ample parking space to accommodate tenants. Location is a key highlight as the property is conveniently close to schools, grocery stores, shopping centres, restaurants, and recreational facilities. Proximity to major roadways also ensures easy commutes to surrounding areas. This property has lots of potential with its combination of immediate rental income from tenants in the upper units, a modernized main floor unit, and a large lot offering future value opportunities. This is a turnkey investment! Don't miss your chance to own this exceptional investment property! (id:41954)
Property Details
| MLS® Number | 40755221 |
| Property Type | Multi-family |
| Community Features | Quiet Area |
| Equipment Type | Water Heater |
| Features | Cul-de-sac, Conservation/green Belt, Paved Driveway, Sump Pump |
| Parking Space Total | 10 |
| Rental Equipment Type | Water Heater |
| Structure | Shed |
| View Type | No Water View |
| Water Front Name | Welland River |
| Water Front Type | Waterfront On River |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 5 |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Exterior Finish | Metal, Vinyl Siding |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2928 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 270 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Surface Water | River/stream |
| Zoning Description | Rl2 Epa |
https://www.realtor.ca/real-estate/28665062/80-mill-street-welland
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July 29 2025 05:00:50
Kitchener-Waterloo Association of REALTORS®
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