51 Lyons Avenue, Welland, Ontario L3B 1L8 is For Sale and has a listing price of 699,900. The property is located in the Welland . It's been on the website for 1 Day.
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.
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 11/13/2025 | X12539904 | $699,900 | For Sale | - | - |