$624,900
FOR SALE

Duplex

Bedrooms: 7Bathrooms: 3Lot: 50 x 97 ft

458 Harriet Street
Welland, ON L3B 2J1

Welcome to the remarkable duplex at 458 Harriet Street. This property boasts an impressive cap rate of 8.48% and has seen extensive renovations over the past two years. One of the significant upgrades is the heating system, which has been transitioned to multiple Ductless Mini Split units. This innovative system allows for individualized heat and hydro control for each unit, with tenants covering their own hydro costs, encompassing both heating and electricity. The property features three units, each fully rented. The layout includes an upper-level two-bedroom unit, a main-floor two-bedroom unit that was updated in 2022, and a lower-level three-bedroom unit that was updated in 2022, all units have their own separate entrance. Adding to the property's appeal is an expansive double-car garage, which is currently rented out and features its own seperate hydro meter for future expansion. Described as a duplex, this property effectively functions as three self-contained units, offering a unique investment opportunity. Experience the blend of functionality and revenue at 458 Harriet Street. (id:47421)
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Listed By RE/MAX GARDEN CITY REALTY INC, Brokerage
Data Provided By Niagara Association of REALTORS®
MLS® Listing Number 40554982
Last Updated Apr 09, 2024
Property Summary
Property Type Duplex

More like this:
Subdivision 773 - Lincoln/Crowland
Price History

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Detailed Information
Bedrooms 7
Bathrooms 3
Lot 50 x 97 ft
Amenities Nearby Park, Place of Worship, Playground, Public Transit
Community Features Quiet Area
Listing Contract Date 2024-04-09
Location Description ONTARIO RD AND SOUTHWORTH
Ownership Type Freehold
# of Parking Spaces 4
Property Type Multi-family
Transaction Type For sale
Zoning Description R1
Building
Basement Development Finished
Basement Type Full (Finished)
Constructed Date 1949
Construction Material Concrete block, Concrete Walls
Cooling Type Ductless
Exterior Finish Concrete, Stucco
Foundation Type Poured Concrete
Heating Fuel Electric
Heating Type Baseboard heaters, Heat Pump
Stories Total 2
Type Duplex
Utility Water Municipal water
Parking Spaces
Name Spaces
Detached Garage
Land
Total Size 0.112 acres
Amenities Park, Place of Worship, Playground, Public Transit
Sewer Municipal sewage system
Size of Irregular Land 0.112

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