$589,900
14 AVENUE Place
Beds
3
Baths
3
Sqft
—
Year
1930
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Welland. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Welcome to 14 Avenue Place in the heart of Welland's evolving downtown core, a turnkey triplex opportunity primed for strong returns. This 1,691 sq ft property features three self-contained units, including two fully renovated one-bedroom suites taken back to the studs, offering modern finishes and the ability to set market rents immediately. With two units delivered vacant, investors have a rare chance to optimise income from day one. This property sits just steps from the Welland Farmers' Market, Merritt Amphitheatre, and the scenic recreational canal with its extensive walking and biking trails. Tenants will appreciate the walkable lifestyle, access to green space, and proximity to transit and downtown amenities. The building includes three kitchens, three bathrooms, and essential appliances, making it a straightforward addition to any portfolio. Whether you are expanding or entering the investment market, this is a strategic acquisition in a rapidly transforming neighbourhood with long-term upside. (id:65958)
- Subtype
- Multi-family
- Structure
- Triplex
- Community
- 768 - Welland Downtown
- Common interest
- Freehold
- Living area
- 1,691 square feet
- Stories
- 1
- On market
- Apr 17, 2026
- Status changed
- Apr 17, 2026
- Annual tax
- $2,985
- Zoning
- DMC
- Photos
- 20
- MLS#
- 40821966
- Area
- WELLAND
Features and systems
Parking
Basement
Heating
Cooling
Exterior
Foundation
Community
Cash on cash
-6.88%
Cap rate
3.49%
GRM
16.7
Break-even rent
$3,662
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.