
Listed For $1,700,000
Added 4 months ago
8051 Square Feet
Investment
$6,411 Tax / yr
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Bedrooms
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Bathrooms
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Garages
8051
Square Feet
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The offering presents the opportunity to acquire a 100 percent freehold interest in 52Lincoln Street, Welland, Ontario (the "Property"), a fully occupied 8-unit apartment building generating $92,264 in net operating income. The Property offers investors the chance to acquire a boutique multifamily asset in one of the Niagara Region's most affordable and steadily growing urban centers. The 8-unit bachelor apartment building has been improved under current ownership, with modernized kitchens and bathrooms throughout the suites. It offers turn-key, in-place cashflow with limited near-term capital required, while the bachelor unit type continues to see strong tenant demand from Welland's renter base, Niagara College students, and Niagara Health Welland Hospital staff. 52 Lincoln Street Propert
Census area 35260178; area-wide figures, not facts about this home.
Adapted from Statistics Canada, 2021 Census of Population, Census Profile, 2021. This does not constitute an endorsement by Statistics Canada of this product.