$524,000

54-56 Thorold Road E

Welland ON, L3C 3T8

Description

Great side by side Duplex with excellent potential. Unit 56 has been rented for a number of years to the same tenant, now paying $775. per month plus hydro. Unit 54 tenant since May 2020 paying $1,000 plus hydro. Water is included for both units costing about $1,900 a year, insurance $1,694. and taxes $2,817. Total income $21,300, with $6,411 in expenses leaves a net income of $14,889 per year. Note the lot size! 71 feet by 120 feet. Please allow 48 hours notice for showings. Owner will entertain offers as they come. Photos are a good representation of the property.

Details

MLS#40065481
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1949
Days On Site17

Features

SQ Feet1,850
Units2
Building(s)1
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Area Information
ProvinceON
CountyNiagara
CityWelland
Postal CodeL3C 3T8
Area7 - Welland
Listing VS Median (in L3C 3T8)
Price:
$524,000
low | high
Med:
$524,000
50% of Average
SqFt:
1,850
low | high
Med:
925
100% of Average
$ / SqFt:
$283
low | high
Med:
$142
100% of Average
On Site:
17
low | high
Med:
17
100% of Average
Listing Updated: February 26, 2021 8:00:40 PM PST
GARTH PALEY LogoMLS Number: 40065481
Listing Provided By:
GARTH PALEY  of  RE MAX WELLAND REALTY LTD BROKERAGE
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