256 LINCOLN Street, WELLAND

2026-05-14
 

Quick Summary

Location
256 LINCOLN Street, WELLAND, Ontario L3B4N1
Price
$1,099,900 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
3028 sqft
Garages:
9
Video Link:

MLS®#40829972

Property Description

A turnkey, income generating property in the heart of Welland. This exceptionally well maintained, 5-unit residential apartment building sits in a highly desirable central location, offering strong rental appeal and long-term value, with significant recent capital improvements including a new hot water heating system (2024), newer vinyl thermo windows 2018, and with on-site laundry for all tenants. Most units feature updated flooring and fresh paint, while the exterior stucco 2021 is in excellent condition reflecting the pride of ownership. Tenants benefit from an unbeatable location within walking distance to a major shopping plaza on Lincoln St., two elementary schools, the scenic Welland Canal walking and cycling paths, and vibrant downtown amenities. This property is also serviced by the Niagara Region wide bus route, making it attractive to a broad tenant base. Additional highlights include separate hydro meters, on site parking, and a double car garage at the rear of the property with the potential to generate an additional $1,200 annually by renting out half the garage space. Currently tenanted by quality, reliable residents, this solid and centrally located multi-unit investment asset represents a rare find in one of Niagara's growing communities. (id:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping

Building

  • Basement Development: Partially finished
  • Basement Type: Partial (Partially finished)
  • Exterior Finish: Concrete, Stucco, Wood, Shingles
  • Fireplace: No
  • Interior Size: 3028 sqft
  • Stories: 2
  • Utility Water: Municipal water

Features

  • Feature: Southern exposure, Paved driveway, Laundry- Coin operated

Land

  • Land Size: under 1/2 acre
  • Sewer: Municipal sewage system

Ownership

  • Type: Freehold

Structure

  • Structure: Shed

Zoning

  • Description: RL2

Information entered by Real Broker Ontario Ltd.
Listing information last updated on: 2026-06-02 16:25:07


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