1 Braden Avenue Welland, Ontario L3C 2R6
$785,000
Unique Legal Triplex WITH 6.67% CAP RATE in Sought-After Prince Charles Neighbourhood - Live In or Invest! A rare opportunity in the heart of West-End Welland! This beautifully maintained legal side-split triplex sits on an expansive 80 x 118 lot and offers flexibility for homeowners and investors alike. With two fully renovated units (2023) already occupied by excellent tenants, and a vacant STUNNING main-floor unit, you can choose to move in yourself or secure another tenant to complete this high-performing income property. Currently professionally managed, the property can continue under management or be handed over to new ownership with ease. The spacious fenced backyard is thoughtfully divided to provide separate outdoor spaces and features an above-ground pool, a rare bonus for tenant and owner enjoyment. Located just a 10-minute walk to Chippawa Park, offering a wealth of outdoor amenities including a splash pad, ball diamond, volleyball courts, playground, botanical gardens, and more - this location is as family-friendly as it is investment-savvy. Whether you're looking to live in one unit and rent the rest, or fully lease all three, this property is a turnkey opportunity with an attractive cap rate and strong rental potential for years to come. HIGHLIGHTS : *Legal triplex with side-split layout *Two units with quality tenants *Vacant main-floor unit live-in or rent out *Fully fenced yard with above-ground pool * Located in desirable Prince Charles neighbourhood *Close to schools, parks, shopping & transit *Professionally managed optional continuation. Don't miss this exceptional investment in a quiet, established community! (id:61852)
Property Details
| MLS® Number | X12060230 |
| Property Type | Multi-family |
| Community Name | 769 - Prince Charles |
| AmenitiesNearBy | Hospital, Park, Public Transit, Schools |
| CommunityFeatures | Community Centre |
| EquipmentType | Water Heater |
| Features | Carpet Free, Gazebo, Sump Pump |
| ParkingSpaceTotal | 4 |
| PoolType | Above Ground Pool |
| RentalEquipmentType | Water Heater |
| Structure | Shed |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Amenities | Fireplace(s) |
| BasementDevelopment | Finished |
| BasementFeatures | Separate Entrance |
| BasementType | N/a (finished) |
| ConstructionStyleSplitLevel | Sidesplit |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FireplacePresent | Yes |
| FireplaceTotal | 1 |
| FoundationType | Unknown |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| Garage | |
| No Garage |
Land
| Acreage | No |
| LandAmenities | Hospital, Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 118 Ft ,10 In |
| SizeFrontage | 81 Ft ,1 In |
| SizeIrregular | 81.1 X 118.9 Ft ; 118.90ft X 81.05ft X 85.23ft X 116.61ft |
| SizeTotalText | 81.1 X 118.9 Ft ; 118.90ft X 81.05ft X 85.23ft X 116.61ft|under 1/2 Acre |
| ZoningDescription | Rl1 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Bedroom | 2.07 m | 2.86 m | 2.07 m x 2.86 m |
| Lower Level | Other | 2.08 m | 1.5 m | 2.08 m x 1.5 m |
| Lower Level | Other | 6.86 m | 1 m | 6.86 m x 1 m |
| Lower Level | Living Room | 3.21 m | 4.28 m | 3.21 m x 4.28 m |
| Lower Level | Kitchen | 3.21 m | 2.13 m | 3.21 m x 2.13 m |
| Lower Level | Bedroom | 2.86 m | 3.46 m | 2.86 m x 3.46 m |
| Lower Level | Living Room | 6.59 m | 3.3 m | 6.59 m x 3.3 m |
| Main Level | Living Room | 5.08 m | 3.62 m | 5.08 m x 3.62 m |
| Main Level | Dining Room | 2.88 m | 2.99 m | 2.88 m x 2.99 m |
| Main Level | Kitchen | 4.09 m | 2.84 m | 4.09 m x 2.84 m |
| Main Level | Primary Bedroom | 4.31 m | 3.24 m | 4.31 m x 3.24 m |
| Main Level | Bedroom 2 | 3.21 m | 3.23 m | 3.21 m x 3.23 m |
| Main Level | Bedroom 3 | 3.26 m | 2.89 m | 3.26 m x 2.89 m |
Interested?
Contact us for more information
Deborah Bennet
Salesperson
209 Speers Rd - Unit 10
Oakville, Ontario L6K 0H5
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
April 28 2025 01:55:18
Oakville, Milton & District Real Estate Board
Century 21 Miller Real Estate Ltd.
