16 Albert Street, Welland, ON L3B 4L2, Welland, ON

16 Albert Street, Welland, ON L3B 4L2, Welland, ON photo 2

16 Albert Street, Welland, ON L3B 4L2, Welland, ON photo 3

16 Albert Street, Welland, ON L3B 4L2, Welland, ON photo 4

16 Albert Street, Welland, ON L3B 4L2, Welland, ON photo 5

+7 photos

$325,000

16 Albert Street, Welland, ON L3B 4L2, Welland, ON

Welland, ON L3B 4L2

5 beds 2 baths Detached

About this home

Two dwellings for the price of one! Perfect for investors, renovators, or the buyers looking to live mortgage free. Main home was renovated in 2024. Approx 1,500 square feet. Three bedrooms and a 4-piece bathroom. Updates include vinyl plank flooring, new kitchen with appliances, main floor laundry, bathroom, electrical, plumbing, new Boiler system and radiators. Roof is 2018. Detached garage was converted to a second dwelling in 2017 and needs to be updated/repaired (not usable in it's current state). A great opportunity to re-fi and make your investment money back. Approx 650-square-foot unit, rough in kitchen, two bedrooms, and a bathroom. Separately metered with it's own furnace and hot water heater. Ideal for generating rental income, home office / workspace.

Property Score

75/ 100

Overall Property Score

great

A blend of both buyer and investor metrics.

Score breakdown

Walkability

55/100good

Score based on neighborhood density, downtown proximity, and walkable amenities.

Transit Access

45/100fair

GO Transit, LRT, and bus access from this neighborhood.

Schools

62/100good

Based on local school rankings (Fraser Institute proxy).

Affordability

55% of city avgexcellent

Priced below Welland's average of $595,000.

Appreciation Trend

+1.2%/yrgood

Welland has seen +1.2% YoY price change.

Monthly Cash Flow

+$1,760/mogreat

Estimated $1,760/mo at 20% down, 5% rate, 25-yr amortization.

Cap Rate

12.11%excellent

Net operating income divided by purchase price.

Basement Suite Potential

+$1,290/moexcellent

Existing/legal suite estimated at $1,290/mo additional income.

Move-In Ready

Avggreat

Estimate. Use the listing description and photos to assess actual condition.

MLS^® # X13038104

Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.

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