428 Thorold Road, Welland ON

About 428 Thorold Road

Turnkey LEGAL TRIPLEX in the heart of Welland delivering strong, reliable income. Situated on an exceptional 60 x 153 ft corner lot, this property offers rare outdoor space and the potential for up to 10-car parking, ideal for tenants and future flexibility. This well maintained building features three self-contained units, each with separate hydro meters and private in-suite laundry, a highly desirable setup for both investors and end-users. A shared front foyer provides access to the main and upper units, while the lower unit enjoys a separate rear entrance for added privacy. A sump pump has also been installed for added peace of mind. **UNIT 1 is bright featuring a comfortable living space, eat-in kitchen, one bedroom, four-piece bath, and its own laundry (Currently Vacant market rent $1,400 + 30% utilities) offering immediate leasing or owner-occupancy potential. **UNIT 2 offers both main floor and 2nd floor living, a spacious layout with a large living area, oversized kitchen with ample cabinetry, two bedrooms, and a four-piece bathroom (Tenanted $1,650 + 40% utilities). **The LOWER UNIT 3 is a 2 bed room, fully finished with a newer kitchen, updated bathroom, and modern flooring, offering a large living area, dedicated dining space, and in-suite laundry (Currently Vacant market rent $1,575 + 30% utilities). Ideal for investors seeking a low-maintenance asset with strong cash flow, or buyers looking to live in one unit while generating rental income. Extensive upgrades include full legalization of Triplex in 2023 with a 200-amp electrical panel, upgraded 1 plumbing, and complete renovation of the lower unit (kitchen, bath, flooring, paint, fixtures). In 2026, the upper unit was further improved with a new kitchen, doors, baseboards, and fresh paint throughout. (id:56071). Get more information on 428 Thorold Road

Property Features

Features:  Sump Pump
Rental Equipment:  
Directions:  PRINCE CHARLES TO THOROLD RD.
Zoning Description:  RL1
Interior Size:  1450 sqft
Lot:  under 1/2 acre
Exterior Finish:  Aluminum siding
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / Central air conditioning
Age:  1948
Constructed Date:  1948
Basement:  Full (Finished) Finished

Rooms & Sizes

4pc Bathroom Second level 9 2 x 7 5	Bedroom Second level 14 2 x 6 4	Bedroom Second level 14 6 x 10 11
Kitchen Basement 12 9 x 9 5	3pc Bathroom Basement 6 3 x 6 3	Living room Basement 18 8 x 12 11
Bedroom Basement 12 2 x 7 4	Bedroom Basement 10 3 x 11 10	4pc Bathroom Main level 9 0 x 6 0
Bedroom Main level 11 0 x 13 0	Kitchen Main level 19 0 x 14 0	Kitchen Main level 13 0 x 7 8
Living room Main level 13 7 x 11 5