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24 Empire Street
homes for sale · Welland · Lincoln/Crowland
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$549,000

24 Empire Street

Lincoln/Crowland, Welland · MLS® X13661362

533

House · Multi-family · 74 days on market

listed by Derek Wetherell, FLYNN REAL ESTATE INC.

realtor's description

Exceptional Vacant Multi-Unit Investment Property - East Welland - Rare opportunity to acquire a vacant multi-unit property in the sought-after East Welland area. Situated on an impressive 231-foot deep lot, this property features two separate residential buildings offering excellent income potential and flexibility for investors or owner-occupiers. The main dwelling is configured as a duplex, consisting of :One 1-bedroom unit, One 2-bedroom unit. At the rear of the property is a self-contained accessory dwelling unit featuring a 2-bedroom unit, ideal for additional rental income or extended family use. Property Features : Three total residential units Fully vacant - immediate possession available Extra-deep 231 ft lot Separate electrical breaker panels for both buildings Two hot water tanks (one owned, one rental) Excellent opportunity to set market rents or occupy one unit while generating income from others Conveniently located close to schools, shopping, transit, and amenities. A solid addition to any investment portfolio with strong long-term potential. Property has been fire and electrical inspected in 2017. There are 3 off street parking spaces at the front of the property. Located close to 406 for quick highway access.

property details

type
House, Multi-family
bedrooms
5
bathrooms
3
parking
3
property tax
$2,947 / yr
days on market
74
MLS®
X13661362

features

  • Water Heater

monthly cost

$2,638/mo
Mortgage $2,392 · Tax $246

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$2,392/ monthly
loan $439,200
25-year amortization
total interest
$278,382
cash to close
$109,800
down payment; transfer tax and fees not included
total paid
$717,582

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Lincoln/Crowland, WellandGoogle Maps ↗

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listed by
Derek Wetherell
FLYNN REAL ESTATE INC.
call Derek · 888-983-5966
Powered by: REALTOR.ca

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location

Lincoln/Crowland, WellandGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

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