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CHRISTINE GAZZOLA

Sales Representative

Listing Presented by CHRISTINE GAZZOLA, Sales Representative with Garden City Realty Inc., Brokerage Fonthill  (905) 323-7056
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Contact:CHRISTINE GAZZOLA, Sales Representative
Garden City Realty Inc., Brokerage Fonthill
Direct Line:(905) 323-7056
Mobile:(905) 327-2026
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MLS®#: 40554982 $624,900 458 Harriet Street Welland ON L3B 2J1
Active
Description: 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.
Directions: ONTARIO RD AND SOUTHWORTH
Property Type:
Residential Income
Property Sub-Type:
Duplex Up/Down
Area:
Welland
Square Feet:
1780
Bedrooms:
7
Total Bathrooms:
3
Year Built:
1949
Age:
75
Basement:
Separate Entrance, Full, Finished
Garage/Parking:
Space for 2 Vehicles
Neighborhood:
773 - Lincoln/Crowland
County:
Niagara
Acres:
0.1120
Lot Dimensions:
97 x 49.97
Taxes:
$3,163.00
Tax Year:
2023
Total Units:
4
Lot Square Feet:
4878.72
Cooling:
Ductless
Exterior:
Block, Stucco
Heat:
Baseboard, Electric, Heat Pump
Roof:
Asphalt Shing
Sewer:
Sewer (Municipal)
Water:
Municipal
Zoning:
R1


Financing:
Taxes:
$3,163.00
Net Op Income:
$56,193.54

FEATURES: Basement
Listing Provided By:
List Office: RE/MAX GARDEN CITY REALTY INC, BROKERAGE