Open concept kitchen, ceramic/tile floor for 225 Chaffey St, Welland Ontario L3B 2Y7
Re-listed 39 days ago

225 Chaffey St, Welland, Ontario L3B 2Y7

Other
-
2
~2064 sqft
$•••,•••
$634,900
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Other
-
2
~2064 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$307/sqft

Est. Mortgage$2,727/mo

Tax Amount (2024)$2,670/yr

Days On Market39 days

Total Days On Market76 days


Description

Investor Alert Vacant Duplex with $40K+ NOI & Triplex Potential! Vacant possession after May 31, 2025 set your own rents and choose your tenants. This turnkey duplex in central Welland offers $40,000+ projected NOI and over $800/month cash flow, with separate utilities for both spacious 2-bed units. Basement with separate entrance and full ceiling height is primed for triplex conversion (waterproofed with sump pump). Parking for 34 vehicles. A strong, flexible asset in a high-demand rental market!


Property Details

StyleApartment
View-
Age of property51-99
SqFt~2064 SqFt
Lot Size5,000 SqFt(125 x 40)
Parking Spaces4
MLS ®NumberX12055019
Community NameOntario Road / Dain City
Data SourceTRREB
Listing byRock Star Real Estate Inc., Brokerage

Features

Heating: Gas Forced Air Open
Cooling: Y
Basement: Y

Features

Lot size: 5,000 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property listed by Rock Star Real Estate Inc., Brokerage, Brokerage
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Market Data - Ontario Road / Dain City

Geo Zone Map ThumbnailOntario Road / Dain City

Strong Buyer's Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

82 days

Compared to

2024

25 days

2023

44 days

2022

7 days

New Listings

Past 30 days

36 listings

Compared to

2024

34 listings

2023

9 listings

2022

17 listings

Units sold

Past 30 days

9 units

Compared to

2024

4 units

2023

14 units

2022

8 units

Median Sold Price

Past 30 days

$500,000

Compared to

2024

$481,250

2023

$620,000

2022

$612,500


Population and Demographics

Overview

Total population 4998
Average household income $91,200

Age (%)

50 to 64
22%
0 to 19
22%
20 to 34
19%
65 and plus
18%
35 to 49
18%

Household composition (%)

Single family
66%
Single person
29%
Multi person
4%
Multi family
1%

Mother tongue (%)

English
84%
French
9%
Others
2%
English and French
2%
Spanish
1%
Italian
1%

House tenancy (%)

Owners
73%
Renters
27%

Schools and amenities

Estimated Budget