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
Listed BY: GARY SINGH, ROYAL LEPAGE SIGNATURE REALTY

Mortgage Calculator


Disclaimer: NOTE: ©1998-2019 The Canadian Real Estate Association. All rights reserved. REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate Association and the National Association of REALTORS®.

CONTACT ME

CONTACT FORM