50
  • X12539904
  • MLS® Number
  • Property Type
  • Multiplex, Residential
  • Acres
  • Land Area
  • 6
  • Bedrooms
  • 5
  • Bathrooms
  • Sqft
  • Area Size

51 Lyons Avenue, Welland, ON L3B 1L8

  • $699,900

Description

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.

Details

MLS® Number X12539904
6 Bedrooms
5 Bathrooms
Updated on November 13, 2025 at 12:07 pm

Additional details

  • Roof: Asphalt Shingle
  • Sewer: Sewer
  • Cooling: None
  • County: Niagara
  • Property Type: Residential
  • Pool: None
  • Architectural Style: 2-Storey

Address

  • Address: 51 Lyons Avenue
  • City: Welland
  • State/county: ON
  • Zip/Postal Code: L3B 1L8
  • Country: CA

Contact Information

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