**Attention Investors** Fully renovated legal triplex in the heart of Welland, perfectly positioned amidst ongoing residential and commercial development. The property offers impressive rental income with over 55,000 annually. Each unit is equipped with separate meters for heat and hydro, ensuring hassle-free management and utility accountability for tenants. Strategically located, this triplex is in close proximity to essential amenities, making it highly attractive to prospective renters. The surrounding area is bustling with development, indicating promising growth and future value appreciation. Seize this incredible investment opportunity and secure a steady income stream with this well-situated, turnkey property.
Sold for $586,000
C$586,000
87 Ontario Rd, Welland, ON L3B 5C3
5beds
3baths
1,938sqft
Multi-3 Unit, Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$302/sqft
C$1,632 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,632/mo
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 21, 2025 at 12:13am
Listed by:
Ryan Dyck, Salesperson,
COLDWELL BANKER ADVANTAGE REAL ESTATE
Source: ITSO,MLS®#: 40703453Originating MLS®#: Cornerstone Association of REALTORS®
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Electric
Cooling
- Wall Unit(s)
Appliances
- Laundry: In-Suite
Features
- Separate Heating Controls
- Basement: Partial,Unfinished,Sump Pump
- Has fireplace: No
Interior area
- Total structure area: 1,938
- Total interior livable area: 1,938 sqft
- Finished area above ground: 1,938
Property
Parking
- Total spaces: 3
- Parking features: Detached Garage, Private Drive Double Wide
- Garage spaces: 1
- Uncovered spaces: 2
Features
- Frontage type: North
- Frontage length: 36.00
Lot
- Size: 3,326 sqft
- Dimensions: 36 x 92.4
- Features: Hospital, Library, Park, Public Transit, Schools
Details
- Parcel number: 641220164
- Zoning: INSH
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi-3 Unit, Multi Family
Materials
- Brick, Vinyl Siding
- Foundation: Poured Concrete
- Roof: Asphalt Shing
Condition
- 51-99 Years
- New construction: No
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
Community & neighborhood
Location
- Region: Welland
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2025 | Sold | C$586,000C$302/sqft |
Source: ITSO #40703453 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: L3B
Nearby schools
GreatSchools rating
- 4/10Harry F Abate Elementary SchoolGrades: 2-6Distance: 13.5 mi
- 3/10Gaskill Preparatory SchoolGrades: 7-8Distance: 14.2 mi
- 3/10Niagara Falls High SchoolGrades: 9-12Distance: 15.1 mi