$474,900

Detached

51 Fourth Street, Welland, ON

75 DAYS
4
2
0
1500-2000
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Listed by ROYAL LEPAGE SIGNATURE REALTY

Property Highlights

Parking

6 spaces

Property Tax

$2,187/yr

Lot Size

8,539 sqft

Style

2-Storey

Basement

Unfinished

Monthly Cost

$2,188/mo

About This Home

One-of-a-Kind Opportunity! This exceptional detached property offers two fully self-contained homes on one deep, private lot, making it ideal for investors, multi-generational living, or owner-occupiers seeking additional income. The main two-storey residence features 2 bedrooms, 1 bathroom, and approximately 1,005 sq. ft. of well-maintained living space, along with a full, high, dry basement. Year-round comfort is provided by a high-efficiency Keeprite furnace and 2-ton central air conditioning. Privately situated at the rear, the separate guest house /in-law suite / auxiliary apartment offers 2 bedrooms, 1 bathroom, and 594 sq. ft. of bright living space with direct garden access. It is heated by a gas space heater and cooled by a window air-conditioning unit, creating a comfortable and independent living environment. Both homes have been exceptionally well cared for and maintained by excellent tenants, reflecting true pride of ownership. The property features outstanding landscaping on a deep, private lot and includes a custom shed/man cave/workshop as well as a custom potting shed. The lot presents outstanding future potential, including the possibility of redevelopment into a 4-plex, 6-plex,or other multi-family configuration. Additional features include separate hydro breakers, two separate gas meters, and two hot water tanks (rentals). Outdoor living is enhanced by a two-tier rear deck, covered front veranda, and a private deck for the guesthouse. A paved double driveway provides parking for up to six vehicles. Live in one and rent the other, rent both, or explore redevelopment opportunities. This truly unique, multi-opportunity property should not be missed. Main house rented for $2151/month and garden suite was rented for $1810, total monthly income potential of $3,961 ($47,532 annually)

Monthly Cost

Monthly Mortgage$2,005
Property Tax ($2,187/yr)$182
Total$2,187

Price & Listing History

Schools

Location

Tap to view full map

Rooms

Main Level

Primary Bedroom: 4.03m × 2.81m
Living Room: 3.52m × 3.75m
Kitchen: 7.03m × 2.89m
Other: 3.72m × 1.39m
Living Room: 7.03m × 4.66m
Bathroom: 0.0 × 0.0
Bathroom: 0.0 × 0.0
Bedroom 2: 3.60m × 2.78m
Kitchen: 3.14m × 3.14m

Second Level

Bedroom 3: 3.67m × 2.63m
Bedroom 4: 3.06m × 4.77m

Basement Level

Cold Room/Cantina: 3.06m × 4.77m

Listing Presented By

iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage