29 Afton Ave, Welland, ON L3B 1V6

Built in 2021 by Mountainview, this building is a turn-key investment and the perfect opportunity to take over this newly constructed multi-plex that is fully leased with great tenants and potential to finish 2 more units in the basement with large egress windows! All units are separately metered for gas and hydro which is paid for by the Tenants. Each unit is 2 bedrooms, 1 bathroom with in-suite laundry, it's own furnace, central air conditioner, hot water heater, a full kitchen with stainless steel fridge, stove & dishwasher and bright open living space measuring 805 sqft each. There is potential to complete the lower level two units that replicate the other 4 units, potentially making this a 6-plex. The exterior walls in the basement are insulated and the water is all plumbed-in. There are a total of 6 off-street parking spots, one assigned for each unit. Security cameras installed on exterior of building. Start your retirement plan earning passive income from this great opportunity! The landlord currently has a 5% cap rate and potential for 8% once the lower two units are completed and leased. Landlord pays water/sewer, property tax, property insurance & snow removal. Security cameras are installed on perimeter of building working off wifi. Floor plans are available.