$679,900
FOR SALE

Multiplex 1 1/2 Storey

Bedrooms: 5Bathrooms: 3Lot: 60.15 x 152.89 ft
2025 Taxes: $3,360

428 THOROLD Rd
Welland, ON L3C 3W6 | 770 - West Welland | Niagara

Turnkey Legal Triplex In The Heart Of Welland Offering Strong, Reliable Income And Exceptional Future Potential. Situated On A Rare 60 X 153 Ft Corner Lot, This Property Provides Ample Outdoor Space And Parking For Up To 10 Vehicles, A Highly Desirable Feature For Tenants And Long-Term Flexibility. This Well-Maintained Building Features Three Self-Contained Units, Each With Its Own Separate Hydro Meter And Private In-Suite Laundry, Allowing Tenants To Pay Their Own Electricity While Sharing Remaining Utilities (Gas And Water) On A Proportionate Basis. A Shared Front Foyer Serves The Main And Upper Units, While The Lower Unit Benefits From A Separate Rear Entrance For Added Privacy. Unit 1 Is Bright And Functional With A Spacious Living Area, Eat-In Kitchen, One Bedroom, Four-Piece Bath, And In-Suite Laundry (Vacant With Estimated Market Rent Of $1,400 + 30% Of Gas And Water). Unit 2 Spans The Main And Second Floor, Offering A Generous Layout With A Large Living Area, Oversized Kitchen With Ample Cabinetry, Two Bedrooms, And A Four-Piece Bath (Tenanted At $1,650 + 40% Of Gas And Water). The Lower Unit Features Two Bedrooms And A Fully Renovated Interior Including A Modern Kitchen, Updated Bathroom, New Flooring, Dedicated Dining Area, Spacious Living Room, And In-Suite Laundry (Vacant With Estimated Market Rent Of $1,575 + 30% Of Gas And Water). Extensive Upgrades Include Full Legalization In 2023 With A 200-Amp Electrical Panel, Upgraded 1-Inch Plumbing, And A Complete Renovation Of The Lower Unit. In 2026, The Upper Unit Was Further Improved With A New Kitchen, Doors, Baseboards, And Fresh Paint Throughout. Ideal For Investors Seeking A Low-Maintenance, High-Performing Asset Or Buyers Looking To Live In One Unit While Generating Significant Rental Income.
Extras
Accessory Apartment, Sump Pump
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Listed By ROCK STAR REAL ESTATE INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13055178
Last Updated Apr 28, 2026
Property Summary
Property Type Multiplex

More like this:
PIN 643950401
Legal Description PT TWP LT 245 THOROLD AS IN RO753150 EXCEPT PT 5 59R14076 CITY OF WELLAND
Possession Date Flexible
Taxes (2025) $3,360
Directions/Cross Streets PRINCE CHARLES &THOROLD RD
Neighbourhood 770 - West Welland
Area Niagara
Price History

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Detailed Information
Fronting On West
Special Designations Unknown
Bedrooms 5
Bathrooms 3
Rooms 8
Lot 60.15 x 152.89 ft
Exterior Aluminum Siding
Air Conditioning Central Air
Basement Finished, Full
Garage Type None
Parking Spaces 10
Heat Source Gas
Heat Type Forced Air
Sewers Sewer
Seller Property Info Statement Y

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