51 LYONS AVENUE

Welland (Lincoln/Crowland), , L3B1L8, Canada

$699,900

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.

EXTRAS: Refrigerator, Water meter, Stove

Last updated on : Thursday 13th of November 2025 08:05:28 AM

ADDRESS

Street : 51 LYONS AVENUE

City : Welland (Lincoln/Crowland)

Country : Canada

Postal Code : L3B1L8

Open in Google Map

PROPERTY SUMMARY

Property ID : X12539904

Building Type : Other

Property Type : Multi-family

Bedrooms : 6

Bathrooms : 5

Parking : 3

Parking Type: No Garage

Similar Properties

Multi-family

164 DONALD STREET

Kitchener, Ontario, N2B3G8

$1,199,000

Beds: 6Baths: 6

property Type: Other

type: Sale

GEORGE ORLOWSKI
1 month ago

DETAILS

Multi-family

175 WILSON STREET

Hamilton, Ontario, L8R1E3

$599,900

Beds: 6Baths: 2

property Type: Duplex

type: Sale

Harry Mand
1 week ago

DETAILS

Multi-family

167 WILSON STREET

Hamilton, Ontario, L8R1E3

$599,900

Beds: 6Baths: 2

property Type: Duplex

type: Sale

Harry Mand
1 week ago

DETAILS

Multi-family

LOT 6 - 291 OLIVE AVENUE NORTH NORTH

Oshawa (Central), Ontario, L1H2P5

$1,225,000

Beds: 6Baths: 4

property Type: Triplex

type: Sale

ADERONKE ADEAGA
1 month ago

DETAILS

Multi-family

293 OLIVE AVENUE

Oshawa (Central), Ontario, L1H2P5

$1,225,000

Beds: 6Baths: 4

property Type: Triplex

type: Sale

ADERONKE ADEAGA
1 month ago

DETAILS

Inquire about this property