51 Lyons Avenue Welland, Ontario L3B 1L8
$699,900
Turn key money maker!!! Solid and meticulously maintained 5 unit building located in fabulous neighbourhood close to park, public transit & shops + quick, convenient highway access. Fully occupied w/ NOI of 54,236.62 & Cap Rate near 8% / year with great upside for future rents. ( Unit #1 ( 2 bedroom ) $1488.66 , Unit #2 ( 1 bedroom ) $750.00, Unit #3 ( 1 bedroom ) $942.58, Unit #4 ( 1 bedroom ) $1350.00, Unit #5 ( 1 bedroom ) $1383.75. Units are super clean - building has newer 40yr roof (2018), newer furnace (2021), updated cooper and ABS plumbing & electrical ( 200amp ), replacement windows (2019) & freshly painted stucco exterior. Updates within the units include; newer vinyl plank flooring, 3 have new kitchens & minor update work in the baths ( Unit #2 bath is brand new ). All units have have excellent layouts + street parking permitted. Lower level is set up for future coin op laundry. (id:50886)
Property Details
| MLS® Number | X12539904 |
| Property Type | Multi-family |
| Community Name | 773 - Lincoln/Crowland |
| Equipment Type | None |
| Parking Space Total | 3 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Appliances | Water Meter, Stove, Refrigerator |
| Basement Development | Partially Finished |
| Basement Features | Apartment In Basement, Separate Entrance, Walk-up |
| Basement Type | N/a, N/a (partially Finished), N/a, N/a |
| Cooling Type | None |
| Exterior Finish | Stucco |
| Fire Protection | Smoke Detectors |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2,000 - 2,500 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 45 Ft ,1 In |
| Size Irregular | 45.1 X 100 Ft |
| Size Total Text | 45.1 X 100 Ft |
| Zoning Description | Rl1 |
Contact Us
Contact us for more information
Stewart Mceachern
Salesperson
800 Niagara Street
Welland, Ontario L3C 7L7
(905) 788-3232
www.coldwellbankeradvantage.ca/
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November 13 2025 12:56:50
Niagara Association of REALTORS®
Coldwell Banker Advantage Real Estate Inc, Brokerage