For Sale | Investment
136 Regent Street, Welland, ON L3B 4H8
- Price$399,900
- LocationWelland, Ontario
- Size1,314 Square Feet
- MLS® numberX14145532
- Listing brokerageRE/MAX NIAGARA REALTY LTD, BROKERAGE
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Description
A turnkey, fully tenanted duplex in the heart of downtown Welland. The 2-bedroom units rents for $1,409/month and the 1-bedroom for $1,178/month, both plus hydro and gas, for $31,044 in gross annual rent. Both units are separately metered, so tenants pay their own hydro and gas. Owner costs are just water, taxes and insurance, about $6,777 a year, for a net operating income of roughly $24,267 before vacancy and maintenance. Major items are covered, including a 2024 roof and updated electrical and a 2025 hot water tank in Unit 2. Both units have 100-amp breaker panels with copper wiring, and plumbing is copper, ABS and PEX. The walkable location near the Farmer's Market, shopping, schools and transit keep rental demand steady.
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