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767 - N. Welland, Welland
$668,000
Fantastic investment opportunity to own this spacious detached with 8 bedrooms! Turn-key income property in a prime location beside Niagara College. Oversized corner lot 55 x 126 ft with no rear neighbours. Bright and freshly painted throughout. Functional layout for multi-generational families, and renting out to students. There's separate units with total of approx 2900 sqft finished area. Fully tenanted with 4 bedrooms on the main floor, and additional 4 rooms in the lower unit with separate entrance. Both units have their own kitchen, full bath, and ensuite laundry. Double car garage and driveway. Huge backyard with large deck and shed. Central vac on the main floor. Located in high demand Welland neighbourhood close to all amenities, public transportation, shopping mall, groceries, restaurants, and more. Recent upgrades include lower unit kitchen 2024 and wide plank vinyl floors 2025. Furnace 2022 and A/C 2021. Roof 35yr shingles 2020 for the house and shed. Legal basement retrofit with city permit. Property is fire code compliant. Main panel 100 amp with additional 65 amp panel. Great tenants. Reasonably priced property management is available if needed. Please provide advance notice for viewings.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $5,834 |
| Lot Size | 55 ft x 126 ft |
| mls© Number | X13794178 |
| Listed By | CENTURY 21 MILLENNIUM INC. |
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%
- $3,419
- Property tax
- $486
- Heat allowance
- $150
- Housing costs
- $4,055 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$125,000
gross annual household income
- Payment at 4%
- $2,811 / mo
- Cash down
- $133,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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