$655,000
51 Lyons Avenue, Welland, ON L3B 1L8
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38-40 First Street — Multiplex
SoldWelland, ON L3B 4R9
9 Bed · 5 Bath · Multiplex
MLS #X11993763
$650,000
Sold on June 26, 2025
June 26, 2025
Originally listed at $750,000 108 days on market
About This Property
Welcome to 38-40 First St., a solid brick 7-unit building offering a fantastic investment opportunity in the heart of Welland. Located in a prime area near new developments, this property is close to a wide range of amenities, including schools, parks, the hospital, recreation facilities, a pharmacy, and the Welland Canal.The building boasts 4,038 square feet of above-grade living space and includes 4 one-bedroom units and 3 two-bedroom units, generating a total annual rental income of $79,511.88. Set on a spacious 100x166 ft lot with favorable INSH zoning, this property also holds significant potential for future development. Don't miss out on this versatile investment - book your showing today!
Property Details
Bedrooms
9
Bathrooms
5
Square Feet
3500-5000 sqft
Property Type
Multiplex
Style2-Storey
Approx. Age100+ years
Lot Size100 166 ft
Frontage100.3 ft
Depth166.2 ft
GarageDetached
BasementFull, Finished
HeatingWater
Listed OnFeb 26, 2025
MLS Size3500-5000
Property Tax$6,422/year
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Price History
Original List Price
$750,000
Listed on Feb 26, 2025
Sold Price
$650,000
Sold on Jun 26, 2025
-$100,000
-13.3%
108 days on market
Price History Available
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OQ
Your Agent
OVAIS QASSIM
Broker of Record
PREMIER MATRIX REALTY LTD. BROKERAGE
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Home Features
Property TypeMultiplex
Style2-Storey
Approx. Age100+ years
Lot Size100 × 166 ft
Frontage100.3 ft
Depth166.2 ft
GarageDetached
BasementFull, Finished
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About 38-40 First Street, Welland, ON L3B 4R9
38-40 First Street, Welland, ON L3B 4R9 is a 9-bedroom, 5-bathroom 2-storey multiplex with approximately 3500-5000 square feet of living space, situated on a 100 166 foot lot. This property is currently sold (sold for $650,000). The home features a detached garage and a full, finished basement, built approximately 100+ years ago.
773 - Lincoln/Crowland Neighbourhood
This home is located in 773 - Lincoln/Crowland, part of Welland in the Niagara area. Explore more homes for sale and recently sold properties in this neighbourhood.
Whether you are looking to buy, sell, or lease in 773 - Lincoln/Crowland, our team of experienced real estate professionals can help you navigate the market and find the perfect home. Contact us today for a free consultation.
38-40 First Street, Welland, ON L3B 4R9
38-40 First Street, Welland, ON L3B 4R9 sold,9 bedroom multiplex 773 - Lincoln/Crowland,Welland homes for sale,Niagara real estate,2-Storey homes, multiplex sold