$699,900
5.50 BTC
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51 Lyons Avenue, Welland
$699,900
PRICE
6
BEDROOMS
5
BATHROOMS
X12539904
MLSID

51 Lyons Avenue, Welland

Turn key money maker!!! Solid and meticulously maintained 5 unit building located in fabulous neighbourhood close to park, public transit & shops + quick, convenient highway access. Fully occupied w/ NOI of 54,236.62 & Cap Rate near 8% / year with great upside for future rents. ( Unit #1 ( 2 bedroom ) $1488.66 , Unit #2 ( 1 bedroom ) $750.00, Unit #3 ( 1 bedroom ) $942.58, Unit #4 ( 1 bedroom ) $1350.00, Unit #5 ( 1 bedroom ) $1383.75. Units are super clean - building has newer 40yr roof (2018), newer furnace (2021), updated cooper and ABS plumbing & electrical ( 200amp ), replacement windows (2019) & freshly painted stucco exterior. Updates within the units include; newer vinyl plank flooring, 3 have new kitchens & minor update work in the baths ( Unit #2 bath is brand new ). All units have have excellent layouts + street parking permitted. Lower level is set up for future coin op laundry.
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Summary

Address
51 Lyons Avenue
MLSID
X12539904
Property Type
Multiplex
Property Category
Bedrooms
6
Bathrooms
5
Kitchens
5
Zoning
RL1
Taxes (Annual)
$3,055.18
Tax Year
2024
Published
November 13, 2025
Days on Market
16 Days
Possession Type
Flexible
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Inclusions

5 fridges, 5 stoves

Exclusions

window AC units are owned by Tenants and they pay an additional $25/ month rent in the months in which they are used

Details

Security Features
Carbon Monoxide Detectors, Smoke Detector
Basement
Apartment, Partially Finished, Separate Entrance, Walk-Up
Interior Features
Water Meter
Parking Spaces
3
Parking Total
3
Architectural Style
2-Storey
Roof
Asphalt Shingle
Construction Materials
Stucco (Plaster)
Lot Width
45 Feet
Lot Depth
100 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
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