51 FOURTH STREET, Welland (Lincoln/Crowland)
4 BEDS · 2 BATHS · 1500 - 2000 sqft
$474,900
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)
General Info
| MLS Listing ID: X12645434 | Bedrooms: 4 | Bathrooms: 2 | Year Built: 0 |
| Listing Type: Single Family | Half Baths: N/A | Fireplace Fuel: N/A | Maintenance Fee: N/A |
| Foundation: Concrete | Roof: N/A | Title To Land: Freehold | Parking Space Total: 6 |
| Parking: No Garage | Heating: Forced air | Size: 1500 - 2000 sqft | Air Conditioning : Central air conditioning |
| Home Style: N/A | Finished Floor Area: Laminate | Fireplaces: N/A | Basement: N/A (Unfinished) |
| Water Supply: Municipal water | Road Type: N/A | Pool Type: N/A |
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