256 Lincoln Street, Welland ON

About 256 Lincoln Street

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:56071). Get more information on 256 Lincoln Street

Property Features

Features:  Southern exposure, Paved driveway, Laundry- Coin operated
Rental Equipment:  
Zoning Description:  RL2
Interior Size:  3028 sqft
Community Features:  School Bus
Lot:  under 1/2 acre
Exterior Finish:  Concrete, Stucco, Wood, Shingles
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas /
Age: 
Foundation: Block
Construction:  Concrete block, Concrete Walls, Wood frame
Basement:  Partial (Partially finished) Partially finished

Rooms & Sizes