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Investment signal

$774,900

111 MCALPINE AVENUE S

Beds

Baths

4.1

Sqft

—

Year

—

Location

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About this home

Welcome to 111 McAlpine Ave. S., Welland! A turn-key investment opportunity offering 3 fully self-contained legal units. The property features two units in the main building and a standalone 2-bedroom garden suite, all professionally managed and maintained with no tenant issues. The main floor unit spans the main level and basement of the home, featuring 1+1 bedrooms, 1.5 baths, large kitchen, separate living and dining spaces, front porch and back deck! The second-floor unit offers 2 bedrooms, 1 bath, open concept living-dining-kitchen area, and access to a private front balcony. The garden suite includes 2 bedrooms, 1 bath, and a bright, open layout. Each unit has separate hydro meters, private laundry, and dedicated parking (one spot per unit per leases, but the driveway fits 6+ cars). Tenants are current and paying market rent, ensuring a strong, stable income stream. Located close to shopping, schools, highway access, and public transit, this property combines modern living with excellent convenience. Perfect for investors seeking a hands-free, income-generating property in a desirable Welland location. (id:65958)

Subtype: Multi-family
Structure: Triplex
Community: 773 - Lincoln/Crowland
Lot dimensions: 60 x 119 FT
Bedrooms: 5 above grade, 1 below grade
Parking: 6 total
Stories: 2
On market: Oct 15, 2025
Status changed: Apr 14, 2026
Annual tax: $3,175.61
Photos: 50
MLS#: X12464110
Area: WELLAND_(LINCOLN/CROWLAND)

Features and systems

Parking

No Garage

Basement

Partially finishedFull

Appliances

RefrigeratorDishwasherStoveDryerMicrowaveTwo WashersWater Heater

Heating

Radiant heatNatural gas

Cooling

Central air conditioning

Exterior

StoneVinyl siding

Foundation

Block

Lot

Guest SuiteIn-Law Suite

Negative cash flow ~$1,526/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.81%

Cap rate

3.53%

GRM

16.7

Break-even rent

$5,481

Financing

Down payment$154,980

Loan amount$619,920

Mortgage$3,803/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$355

Insurance$80

Maintenance$646

CapEx reserve$323

Vacancy loss$194

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Welland (Lincoln/Crowland). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $3,803/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.