ON
Welland
L3C1P3
26 ALBINA Street
26 ALBINA Street, Welland, ON L3C1P3
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Listing Type
Multi Family
Listing Status
Active
37
$499,900

Home Details for 26 ALBINA Street

Price
$499,900
Type
Residential Income
Bedrooms
3
Total Bathrooms
3
Listing #
40824702
Property Description

Three Self-Contained Units Offering Strong Income Potential With An Added Opportunity To Acquire A Rare Severed Side Lot For Additional Future Development If Desired. This Property Is Ideal For Investors Looking To Expand Their Portfolio Or Buyers Seeking A House Hack Opportunity While Benefiting From Long-Term Upside. Unit 1 Is Located On The Front Ground Floor And Was Fully Renovated In 2020 With A Modern Kitchen, Updated Bathroom, And New Flooring, Currently Rented At $1,100/Month + 33% Utilities. Unit 2 Located On The Second Floor Was Refreshed In 2021 With Updated Flooring And Vanity And Is Currently Vacant, Providing An Excellent Opportunity To Set Market Rent Or Move In. Unit 3 The Rear Ground Floor Unit Provides Stable All-Inclusive Income At $1,100/Month. Tenants Are Excellent And On Month-To-Month Leases, Offering Flexibility To Optimize Rents Over Time. Key Updates Include Shingles (2016), Windows, Electrical Wiring, And Portions Of The Plumbing. As An Added Bonus, A Separately Severed Side Lot Is Available With Concept Plans Showing Potential For A Triplex Or Sixplex Development (Buyer To Complete Due Diligence), Creating A Unique Opportunity For Those Looking To Combine Immediate Cash Flow With Future Growth. (id:31684)

Property Features
  • Cooling Information
    • None
  • Heating Information
    • Forced Air
  • Parking
    • Detached
Listing Courtesy: Rock Star Real Estate Inc.
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EXIT REALTY HARE (PEEL), BROKERAGE
134 Queen Street E. Suite 100, Brampton, ON L6V 1B2
Paul Dion
License #: 5030680
Sales Representative
Office
905 451 2390
Agent
613 293 3337
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