3 Bedroom
3 Bathroom
1586 sqft
2 Level
None
Forced Air
$499,900
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 (Buyer To Complete Due Diligence), Creating A Unique Opportunity For Those Looking To Combine Immediate Cash Flow With Future Growth. (id:45725)
Property Details
|
MLS® Number
|
40824707 |
|
Property Type
|
Single Family |
|
Parking Space Total
|
2 |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
3 |
|
Bedrooms Total
|
3 |
|
Architectural Style
|
2 Level |
|
Basement Development
|
Unfinished |
|
Basement Type
|
Full (unfinished) |
|
Construction Style Attachment
|
Detached |
|
Cooling Type
|
None |
|
Exterior Finish
|
Stucco |
|
Fire Protection
|
Smoke Detectors |
|
Foundation Type
|
Block |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
1586 Sqft |
|
Type
|
House |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Municipal Sewage System |
|
Size Depth
|
99 Ft |
|
Size Frontage
|
40 Ft |
|
Size Total Text
|
Under 1/2 Acre |
|
Zoning Description
|
Rl2 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Second Level |
4pc Bathroom |
|
|
7'5'' x 6'0'' |
|
Second Level |
Bedroom |
|
|
9'2'' x 9'1'' |
|
Second Level |
Living Room |
|
|
13'9'' x 15'8'' |
|
Second Level |
Kitchen |
|
|
9'8'' x 9'0'' |
|
Main Level |
4pc Bathroom |
|
|
4'11'' x 6'4'' |
|
Main Level |
Kitchen |
|
|
6'11'' x 7'2'' |
|
Main Level |
Living Room |
|
|
14'0'' x 11'6'' |
|
Main Level |
Bedroom |
|
|
12'3'' x 10'0'' |
|
Main Level |
4pc Bathroom |
|
|
6'3'' x 6'6'' |
|
Main Level |
Bedroom |
|
|
8'5'' x 11'0'' |
|
Main Level |
Living Room |
|
|
7'10'' x 9'8'' |
|
Main Level |
Kitchen |
|
|
10'0'' x 7'9'' |
https://www.realtor.ca/real-estate/29669063/26-albina-street-welland