428 Thorold Road Welland, Ontario L3C 3W6

$679,900

Turnkey LEGAL TRIPLEX in the heart of Welland delivering strong, reliable income. Situated on an exceptional 60 x 153 ft corner lot, this property offers rare outdoor space and the potential for up to 10-car parking, ideal for tenants and future flexibility. This well maintained building features three self-contained units, each with separate hydro meters and private in-suite laundry, a highly desirable setup for both investors and end-users. A shared front foyer provides access to the main and upper units, while the lower unit enjoys a separate rear entrance for added privacy. A sump pump has also been installed for added peace of mind. **UNIT 1 is bright featuring a comfortable living space, eat-in kitchen, one bedroom, four-piece bath, and its own laundry (Currently Vacant market rent $1,400 + 30% utilities) offering immediate leasing or owner-occupancy potential. **UNIT 2 offers both main floor and 2nd floor living, a spacious layout with a large living area, oversized kitchen with ample cabinetry, two bedrooms, and a four-piece bathroom (Tenanted $1,650 + 40% utilities). **The LOWER UNIT 3 is a 2 bed room, fully finished with a newer kitchen, updated bathroom, and modern flooring, offering a large living area, dedicated dining space, and in-suite laundry (Currently Vacant market rent $1,575 + 30% utilities). Ideal for investors seeking a low-maintenance asset with strong cash flow, or buyers looking to live in one unit while generating rental income. Extensive upgrades include full legalization of Triplex in 2023 with a 200-amp electrical panel, upgraded 1 plumbing, and complete renovation of the lower unit (kitchen, bath, flooring, paint, fixtures). In 2026, the upper unit was further improved with a new kitchen, doors, baseboards, and fresh paint throughout. (id:19593)

Property Details

MLS® Number	40824697
Property Type	Single Family
Features	Sump Pump
Parking Space Total	10

Building

Bathroom Total	3
Bedrooms Above Ground	3
Bedrooms Below Ground	2
Bedrooms Total	5
Basement Development	Finished
Basement Type	Full (finished)
Constructed Date	1948
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning
Exterior Finish	Aluminum Siding
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	1,450 Ft2
Type	House
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	153 Ft
Size Frontage	60 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	Rl1

Rooms

Level	Type	Length	Width	Dimensions
Second Level	4pc Bathroom			9'2'' x 7'5''
Second Level	Bedroom			14'2'' x 6'4''
Second Level	Bedroom			14'6'' x 10'11''
Basement	Kitchen			12'9'' x 9'5''
Basement	3pc Bathroom			6'3'' x 6'3''
Basement	Living Room			18'8'' x 12'11''
Basement	Bedroom			12'2'' x 7'4''
Basement	Bedroom			10'3'' x 11'10''
Main Level	4pc Bathroom			9'0'' x 6'0''
Main Level	Bedroom			11'0'' x 13'0''
Main Level	Kitchen			19'0'' x 14'0''
Main Level	Kitchen			13'0'' x 7'8''
Main Level	Living Room			13'7'' x 11'5''

https://www.realtor.ca/real-estate/29669038/428-thorold-road-welland