285 Mcalpine Avenue, Welland

Investment opportunity in Welland! This triplex features three self-contained residential units, each with its own kitchen and full bathroom. The main floor unit offers 3 bedrooms, 1 full bathroom, and an open-concept kitchen. The rear unit consists of 1 bedroom and 1 full bathroom, while the upper unit features 2 bedrooms, 1 full bathroom. All three units are currently occupied under fixed-term leases until the end of June 2027, providing an existing rental income stream. The partially finished basement features a separate side entrance, a 3-piece bathroom, and a stone fireplace, offering potential for conversion into a fourth residential unit. Notable improvements reported include roof and eavestrough replacement in 2022, a newer 65,000 BTU furnace, updated weeping tile along the west side, and a newer front deck. Additional features include separate hydro meters for each unit, a covered upper-level walkway, a partially roughed-in sunroom or screened porch area, a detached garage, and parking for approximately 3 vehicles. Situated on an approximately 5,425 sq. ft. corner lot with roughly 60 feet of frontage. An income-producing property with potential for additional rental capacity.