Price Reduction
Address
31 Jones Lane Welland, ON
Price
$ 899,900
Property Attributes
  • MLS#40194146
  • TypeMulti-Family
  • CityWelland
  • AreaWelland
  • Neighbourhood770 - Lincoln - Crowland
  • Postal CodeL3B 3M5
  • StyleMulti-10+Unit
  • Year Built2016
  • Taxes$ 2720
  • Price$ 899,900
  • Bedrooms11
  • Full Bathrooms11
  • Half Bathrooms0
  • Sqr Footage1750
  • Lot Size0.57 Acres
Listing Provided Courtesy Of:
RE/MAX NIAGARA REALTY LTD.BROKERAGE
Data Source:
Ontario Regional (ITSO)
Property Description

This building is a turn key money maker! Currently rented on the AirBnB Platform with direct deposit to your bank account. Pre-screened occupancy, no rent collection, no problem evictions, no rent controls; free to adjust your income according to market dynamics. Five year old, well built 2 storey building with a full finished basement on a quiet dead end street, a short stroll to the Welland International Flatwater Centre Area! Price includes 10 fully furnished, short-term rental units. Be well positioned with the fastest growing segment of the rental market. Two units include in-suite kitchenettes, 3 full bathrooms-one on each level, 2 kitchens with ample cupboards and private refrigerators for each unit. Sound proof doors, hypoallergenic easy care hard wood and granite floors. Main floor laundry. Worry free management with Super on site who is willing to stay. Two private driveways and maintenance free backyard with BBQ, partially fenced yard provide plenty of lounging space. Current monthly booked earnings is $5,000+ with no increase restrictions. Call for further details!

Elementary School High School
St. Mary's/Plymouth Elementary School Notre Dame/East Dale High School
Price History
12/10/2021 Listed $950,000
1/10/2022 6% - $899,900

Interior Features

Basement Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in L3B 3M5

Price
AVG $900K
$900K
Visits
AVG 43
98
Year Built
AVG 2016
2016
Walkscore
AVG 23
23
Data Provided by Walkscore ® not using MLS data