SoldDuplex

54 Patterson Avenue

Name: 54 Patterson Avenue - Sold Jun 2024
Brand: COLDWELL BANKER ADVANTAGE REAL ESTATE
Price: 525000 CAD
Availability: SoldOut

Welland - 768 - Welland Downtown

54 Patterson Avenue

Welland - 768 - Welland Downtown

Sold For$525,000

Listed For $549,900

Sold Jun 2024

3 + 2 Bedrooms Bedrooms

4 Bathrooms Bathrooms

1 Garage Garage

Description

Introducing a fantastic investment opportunity! This raised bungalow comes with permits for renovations, primed for conversion into an income-generating duplex. With drawings already finalized, the new owner can oversee the completion of renovations to their taste. The upper unit is designed to feature a spacious 3-bedroom, 2-bathroom apartment with a projected rent of $2,350 per month. Meanwhile, the lower unit offers a cozy 2-bedroom, 1-bathroom layout, with a projected rent of $1,700 per month. Don't miss out on this chance to maximize your investment potential!

Key facts for 54 Patterson Avenue

Tax$3,734.29 / 2024

Property TypeDuplex, Bungalow-Raised

Lot Size132.5 x 51.1 Feet

ParkingAttached 1 Spaces, Total 5 Spaces

Parking FeaturesPrivate Double

BasementSeparate Entrance, Partially Finished

Listing #X8392540

Days on Market--

Listing BrokerageCOLDWELL BANKER ADVANTAGE REAL ESTATE

Data SourcePROPTX

Inquire with Realtris

(866) 511-7171

info@realtris.ca

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Home Price

Amortization

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* Values are estimates only and not a guarantee of lending or affordability.

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Cash Flow Analysis

Est. Mortgage Payment

$2,685/mo

Monthly Expenses & Income

Property Tax

Maint. / Fees

Est. Rental Income

$4.5% net yield

Net Monthly Cash Flow-$396

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Inquire with Realtris

(866) 511-7171

info@realtris.ca

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