26 ALBINA Street, Welland, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of 772 - Broadway. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $499,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 3 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 39.97 x 99.41 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Water Heater Owned
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Three Self-Contained Units Offering Strong Income Potential With An Added Opportunity To Acquire A Rare Severed Side Lot For Additional Future Development If Desired. This Property Is Ideal For Investors Looking To Expand Their Portfolio Or Buyers Seeking A House Hack Opportunity While Benefiting From Long-Term Upside. Unit 1 Is Located On The Front Ground Floor And Was Fully Renovated In 2020 With A Modern Kitchen, Updated Bathroom, And New Flooring, Currently Rented At $1,100/Month + 33% Utilities. Unit 2 Located On The Second Floor Was Refreshed In 2021 With Updated Flooring And Vanity And Is Currently Vacant, Providing An Excellent Opportunity To Set Market Rent Or Move In. Unit 3 The Rear Ground Floor Unit Provides Stable All-Inclusive Income At $1,100/Month. Tenants Are Excellent And On Month-To-Month Leases, Offering Flexibility To Optimize Rents Over Time. Key Updates Include Shingles (2016), Windows, Electrical Wiring, And Portions Of The Plumbing. As An Added Bonus, A Separately Severed Side Lot Is Available With Concept Plans Showing Potential For A Triplex Or Sixplex Development , Creating A Unique Opportunity For Those Looking To Combine Immediate Cash Flow With Future Growth.
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Water Heater Owned
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Pricing & Value Insights
Data-driven valuation for 26 ALBINA Street, Welland, ON L3C 1P3
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Welland, ON
For a property listed at $499,900 in Welland, the legal minimum down payment is $24,995 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,473 for this transaction. As this listing is in Welland (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.