197 Edgar Street No longer available

Welland, L3C 1T3

$974,888

Description

Listed by ROCK STAR REAL ESTATE INC..

Investors hunting for positive cash flow, look no further! 197 Edgar St. turnkey legal 3-unit home (aka triplex) is waiting for a savvy investor or homeowner looking for a mortgage helper (live in one unit and rent out the other two). Almost 2,000 sq ft. house is located in one of the top neighbourhoods in Welland, close to Chippewa Park, skating ponds, splash pads, Niagara College and lots of other amenities. All units (each approx. 1,000 sq. ft in size) have updated modern kitchens with quartz countertops and stainless-steel appliances. Unit 1 is 2 Bed 1 Bath (4-piece), Unit 2 is 3 bed 1 bath (4-piece) and Unit 3 is 2 bed 2 Bath (4-piece). In-suite laundry, spacious bedrooms and ample living space with a ton of natural light top off the main features of the home. Updates include: 3 separate hydro meters, 3 water tanks, roof, soffits, facia & downspouts. With projected rents of $6K/month or $72K/year this one is cash flow positive. Don't miss out on this phenomenal property.

Location

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  • Address: 197 Edgar Street
  • Neighborhood:
  • City: Welland
  • State: Ontario
  • Postal Code: L3C 1T3

Property Video

Property Details

  • Property ID: X7308532
  • Property Price: $974,888
  • Style: Detached, 1 1/2 Storey
  • Sq/Ft: 1500-2000
  • Rooms: 11+6
  • Bedrooms: 5+2
  • Bath: 4
  • Garages Spaces: 1
  • Garage: Attached
  • Parking Spaces: 5
  • A/C: Central Air
  • Basement: Apartment, Full
  • Den: N
  • Exterior: Alum Siding, Brick
  • Heating: Forced Air
  • Fireplace: Y
  • Taxes: $4,165.00 (2023)
  • Acreage: < .50 Acres
  • Lot: 104.00x65.00 (Feet)

Room details and dimensions

Statistics for similar Detached homes in

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Detached homes in

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Detached homes in

Property History

This property has been sold 3 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 370 - 0992

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