




39 Park Street
768 - Welland Downtown, Welland
$499,900
ATTN Investors! Welcome to 39 Park St, a triplex located in the downtown core of Welland. This solid brick two-storey home offers three standalone apartments, each with separate entrances and separate hydro meters. The property also includes a 32' x 16' detached garage with excellent potential to be converted into a fourth unit.All three units are generous in size and would make a strong addition to any investment portfolio. They are currently rented, and all tenants are on a month-to-month basis, offering flexibility for future plans. The location is highly convenient with close access to major highways and essential amenities. This property presents an opportunity for someone to add their personal updates and bring it up to modern standards. Features Area Influences: School Bus Route.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $2,994 |
| Lot Size | 33.79 ft x 147.42 ft |
| mls© Number | X13732602 |
| Listed By | HOMELIFE/MIRACLE REALTY LTD |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,559
- Property tax
- $250
- Heat allowance
- $150
- Housing costs
- $2,958 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$91,000
gross annual household income
- Payment at 4%
- $2,104 / mo
- Cash down
- $99,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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