26 Albina Street Welland, Ontario L3C 1P3

$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:19593)

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	1,586 Ft2
Type	House
Utility Water	Municipal Water

Parking

Detached Garage

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