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Tabitha Rourke

[email protected] +1(519) 496-4219

Listed by Long (Charles) Li • Rock Star Real Estate Inc.

$ 629,900

Est. payment -/mo

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Active

428 Thorold Road Welland, ON L3C 3W6

5 Beds

3 Baths

1,450 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 1,450 sqft

Price per Sqft $434

MLS Listing ID 40839778

Bedrooms 5

Abv Grd Liv Area 1,450

Year Built 1948

Annual Tax Amount $3,360

Property Sub-Type Multi-3 Unit

Source Cornerstone

Property Description

Turnkey LEGAL TRIPLEX in the heart of Welland delivering strong, reliable income. Situated on an exceptional 60 x 153 ft corner lot, this property offers rare outdoor space and the potential for up to 10-car parking, ideal for tenants and future flexibility. This well maintained building features three self-contained units, each with separate hydro meters and private in-suite laundry, a highly desirable setup for both investors and end-users. A shared front foyer provides access to the main and upper units, while the lower unit enjoys a separate rear entrance for added privacy. A sump pump has also been installed for added peace of mind. **UNIT 1 is bright featuring a comfortable living space, eat-in kitchen, one bedroom, four-piece bath, and its own laundry (Tenanted $1,350 + 20% utilities). **UNIT 2 offers both main floor and 2nd floor living, a spacious layout with a large living area, oversized kitchen with ample cabinetry, two bedrooms, and a four-piece bathroom (Tenanted $1,650 + 40% utilities). **The LOWER UNIT 3 is a 2 bed room, fully finished with a newer kitchen, updated bathroom, and modern flooring, offering a large living area, dedicated dining space, and in-suite laundry (Currently Vacant market rent $1,575 + 30% utilities). Ideal for investors seeking a low-maintenance asset with strong cash flow, or buyers looking to live in one unit while generating rental income. Extensive upgrades include full legalization of Triplex in 2023 with a 200-amp electrical panel, upgraded 1? plumbing, and complete renovation of the lower unit (kitchen, bath, flooring, paint, fixtures). In 2026, the upper unit was further improved with a new kitchen, doors, baseboards, and fresh paint throughout.

Location

Province ON

County Niagara

Area Welland

Zoning RL1

Direction PRINCE CHARLES TO THOROLD RD.

Rooms

Basement Full, Finished, Sump Pump

Kitchen 0

Interior

Interior Features Accessory Apartment, Separate Hydro Meters

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Roof Type Metal

Lot Frontage 60.15

Lot Depth 152.89

Garage No

Building

Lot Description Irregular Lot, Ample Parking

Faces PRINCE CHARLES TO THOROLD RD.

Story 1

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 1

Structure Type Aluminum Siding

New Construction No

Others

Senior Community No

Tax ID 643950401

Ownership Freehold/None

Tabitha Rourke

Broker

+1(519) 496-4219

Tabitha Rourke

428 Thorold Road Welland, ON L3C 3W6

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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428 Thorold Road