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Price Change$499,900

39 Park Street

768 - Welland Downtown, Welland

$499,900

Detached|2-Storey
4 | 3 | 6
About this home

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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This seller is likely holding back offers

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TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$2,994
Lot Size33.79 ft x 147.42 ft
mls© NumberX13732602
Listed ByHOMELIFE/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.

Down payment20% · $99,980
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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