160 WELLAND Ave, St. Catharines, L2R 2N6

Listing Overview

Description

Attention investors and house hackers alike! Located in downtown St Catharines, this property offers the chance to live for less than $1000 per month. Unlock a steady income stream with this versatile (legal duplex), very well maintained, investment property and/or home. Featuring triplex potential by way of converting the large 3 car garage into a garden suite or Accessory Dwelling Unit (ADU), this property offers secure returns. With vacant possession possible on the horizon, this property offers immediate opportunities. For those looking to House Hack - live in one of the large and bright units while having the majority of your mortgage paid for by the second unit and garage (garage currently rented for $300/month with potential for additional $400 for the second side). For the Investors out there, rent out fully and increase your monthly gross by converting the large 3 car garage into an ADU. Unit details include a main level unit with 2 bedrooms, 1 bath, dining, living, and a finished basement with laundry, while the upper unit offers 2 bedrooms, 1 bath, and spacious dining plus a family room. With Vendor Take Back Financing and an Assumable Mortgage possible, Don't miss out and seize this income-generating gem today!

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On Market

Investment

Property Type

$3,072 / Year

Est. Taxes

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Style

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Business Type

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Franchise