$549,900
81 Grove Street, Welland, ON L3B 4B3
Welland Downtown
Welland Downtown · L3B 4K6
$599,900
$400 / sq ftListed today
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$549,900
Welland Downtown
An excellent opportunity for investors or those looking for a versatile multi-unit property! This unique property features three separate units, consisting of a duplex with a basement unit and a main floor/upper story unit, plus a detached legal non-conforming garden suite, offering multiple income streams and plenty of flexibility. All three units are separately metered for hydro, making utility management simple and convenient. All units are vacant, giving buyers the opportunity to get market rents or live in the one unit and rent out the other 2 to help pay down the mortgage. The duplex has been refreshed with all-new flooring and paint throughout, along with a new upper and lower front deck. All new heat pumps throughout the main house provide efficient year-round heating and cooling. Additional improvements include a new patio door and two new exterior doors, giving the property a fresh, updated feel. The garden suite has also seen significant improvements, including all-new flooring, a new kitchen, most windows replaced, new front door a refreshed porch, and a new owned water heater. With three separate units, individual hydro metering, and numerous recent improvements completed, this property presents an attractive opportunity for investors looking to expand their rental portfolio or buyers seeking a property with multiple living spaces and income potential. Book your private showing today!
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This home is priced in line with comparable listings — about 67% of comparable multiplex listings in Welland Downtown are asking less.
Based on 12 comparable active multiplex listings in Welland Downtown. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $599,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of Royal LePage RCR Realty. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Listing courtesy of RE/MAX NIAGARA REALTY LTD, BROKERAGE
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Listing courtesy of EXP REALTY
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Listing courtesy of RE/MAX ESCARPMENT GOLFI REALTY INC.
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Listing courtesy of RE/MAX ESCARPMENT GOLFI REALTY INC.