$ 674.900

301 Wallace Avenue S, Welland

49 Photos

301 Wallace Avenue S, Welland, ON L3B1R8 Photo 2

301 Wallace Avenue S, Welland, ON L3B1R8 Photo 3

301 Wallace Avenue S, Welland, ON L3B1R8 Photo 4

301 Wallace Avenue S, Welland, ON L3B1R8 Photo 5

301 Wallace Avenue S, Welland, ON L3B1R8 Photo 6

301 Wallace Avenue S, Welland, ON L3B1R8 Photo 7

Bedrooms: 4
Living area: 1523 square feet
MLS®: h4189233

Type: Townhouse
Added: 33 days ago

Property Details

3-Unit property recently renovated and fully leased. The property is grossing $4200 a month. Can provide financials upon request. You won't find a property in the area that is grossing this much per month in rental income for the price. All units are separately metered so tenants pay their own hydro. All appliances are electric so the usage is billed to the Tenants hydro bill which they pay for. Leases still have a healthy term left. Great tenants, haven't missed rent and pay on time. (id:1945)

Best Mortgage Rates

Property Information

Sewer: Municipal sewage system
Cooling: Central air conditioning
Heating: Forced air, Natural gas
List AOR: Hamilton-Burlington
Stories: 2
Tax Year: 2023
Basement: Finished, Full
Directions: URBAN
Living Area: 1523
Lot Features: Paved driveway
Photos Count: 49
Water Source: Municipal water
Business Type: Residential
Parking Total: 3
Structure Type: Triplex
Parking Features: No Garage
Tax Annual Amount: 2880
Exterior Features: Aluminum siding
Security Features: Fire alarm system
Building Area Total: 1523
Foundation Details: Block
Lot Size Dimensions: 45 x 100
Architectural Style: 2 Level, Multi-Unit
Number Of Units Total: 3

Features

Other: Inclusions: ALL APPLIANCES, Exclusions: Tenant belongings, Foundation: Concrete Block, Laundry Access: In-Suite, Leases
Cooling: AC Type: Central Air
Heating: Gas, Forced Air
Lot Features: Urban
Sewer/Water Systems: Sewers: Sewer

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Nearby Places

Name	Type	Address	Distance
Welland	Within a half-hour or less, residents can travel t...		0.4 km
École élémentaire Champlain	It serves the French population of the Niagara Reg...		0.8 km
Welland Canal, bridge 13	The bridge crosses an abandoned portion of the Wel...		1.5 km
Main Street Tunnel	The structure was built as a part of the Welland B...		1.6 km
Notre Dame College School	In the early years of the establishment, tuition w...		1.8 km
Welland Canal, Bridge 15	The bridge formerly carried the main line of the C...		2.0 km
Townline Tunnel	The Townline Tunnel is an underwater tunnel locate...		2.9 km
Welland International Flatwater Centre	For the Championships and the Pan American Games i...		3.0 km
Welland Centennial Secondary School	The school mascot is the Cougar and the school col...		3.4 km
District School Board of Niagara	School	240 Thorold Rd	3.4 km
Seaway Mall	The mall has 500,000 square feet (46,000 m2) of sp...		3.4 km
Seaway Mall	Shopping mall	800 Niagara St	3.4 km

Similar Townhouses Stat in Welland

We have found 6 Townhomes that closely match the specifications of the property located at 301 Wallace Avenue S with distances ranging from 2 to 8 kilometers away. The prices for these similar properties vary between 599,000 and 939,990, providing a good range for comparison. Moreover, we have also discovered that there are a few open Townhomes in the L3B1R8 postal code area of Welland Ontario Canada.

301 Wallace Avenue S mortgage payment

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 301 Wallace Avenue S. The current price of the property is $674,900, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $539,920. This would result in a monthly mortgage payment of $3,156 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Bachelor's degree	10
Certificate of Qualification	10
College	55
University degree at bachelor level or above	10

Neighbourhood Marital Status Stat

Married	130
Widowed	30
Divorced	45
Separated	30
Never married	115
Living common law	40
Married or living common law	165
Not married and not living common law	230

Neighbourhood Construction Date

1961 to 1980	45
1981 to 1990	15
1960 or before	170

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