$674,900
FOR SALE

Duplex 2-Storey

Bedrooms: 6Bathrooms: 3Lot: 40 x 118.7 ft
2025 Taxes: $2,605

123 Dain Ave
Welland, ON L3B 3E5 | 773 - Lincoln/Crowland | Niagara

Fully tenanted triplex, turnkey, with immediate cashflow available and 7.32% cap rate. This is an excellent investment opportunity with 3 newly renovated units in great condition with great tenants, paying current market rent. Over $100K in renovations completed at the property, with a newly finished basement, new kitchens, appliances, windows, hot water tank, and more. No expenses spared to create and sustain this well-operating multi-unit property. Each unit is equipped with a full kitchen and appliances (fridge and stove) all newly renovated within the last 5yrs. Each unit has their own laundry appliances - great value add for tenants. Two separate backyards - Main floor tenant enjoys fully fenced yard with a private back deck and garden shed. Upper tenant enjoys their own separate fully fenced yard with a garden shed. 4 parking spots available on the driveway. Basement is fully waterproofed under warranty & new main drain. 3 Separate Hydro Meters with Separate Breaker Panels. 2 Hot Water Tanks. 2 Furnaces. Tenants paying all utilities except water. Excellent location, walking distance to shops, restaurants, library, schools, parks, gym, and more. Public transit stop nearby. School bus route as well. This property checks all the boxes for investors & tenants. Start earning income and watch your asset appreciate in value without lifting a finger, the work has already been completed. Incomes, expenses, leases, and full property details available.
Extras
In-Law Suite, Primary Bedroom - Main Floor, Sump Pump, Separate Heating Controls, Water Heater Owned
Share
Listed By COLDWELL BANKER ADVANTAGE REAL ESTATE INC, Brokerage
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13129898
Last Updated May 14, 2026
Property Summary
Property Type Duplex

More like this:
PIN 644050019
Legal Description PT LTS 4 & 5 PL 931, AS IN RO599371 ; WELLAND
Taxes (2025) $2,605
Directions/Cross Streets Ontario Road/Dain Avenue
Neighbourhood 773 - Lincoln/Crowland
Area Niagara
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On East
Special Designations Unknown
Bedrooms 6
Bathrooms 3
Rooms 12
Lot 40 x 118.7 ft
Exterior Aluminum Siding
Air Conditioning Window Unit(s)
Basement Full, Separate Entrance
Garage Type None
Parking Spaces 3
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)