428 THOROLD Road, Welland, ON L3C 3W6
Welland
Turnkey Legal Triplex In The Heart Of Welland Offering Strong, Reliable Income And Exceptional Future Potential. Situated On A Rare 60 X 153 Ft Corner Lot, This Property Provides Ample Outdoor Space And Parking For Up To 10 Vehicles, A Highly Desirable Feature For Tenants And Long-Term Flexibility. This Well-Maintained Building Features Three Self-Contained Units, Each With Its Own Separate Hydro Meter And Private In-Suite Laundry, Allowing Tenants To Pay Their Own Electricity While Sharing Remaining Utilities (Gas And Water) On A Proportionate Basis. A Shared Front Foyer Serves The Main And Upper Units, While The Lower Unit Benefits From A Separate Rear Entrance For Added Privacy. Unit 1 Is Bright And Functional With A Spacious Living Area, Eat-In Kitchen, One Bedroom, Four-Piece Bath, And In-Suite Laundry (Tenanted 1,350 + 20% utilities). Unit 2 Spans The Main And Second Floor, Offering A Generous Layout With A Large Living Area, Oversized Kitchen With Ample Cabinetry, Two Bedrooms, And A Four-Piece Bath (Tenanted At $1,650 + 40% Of Gas And Water). The Lower Unit Features Two Bedrooms And A Fully Renovated Interior Including A Modern Kitchen, Updated Bathroom, New Flooring, Dedicated Dining Area, Spacious Living Room, And In-Suite Laundry (Vacant With Estimated Market Rent Of $1,575 + 30% Of Gas And Water). Extensive Upgrades Include Full Legalization In 2023 With A 200-Amp Electrical Panel, Upgraded 1-Inch Plumbing, And A Complete Renovation Of The Lower Unit. In 2026, The Upper Unit Was Further Improved With A New Kitchen, Doors, Baseboards, And Fresh Paint Throughout. Ideal For Investors Seeking A Low-Maintenance, High-Performing Asset Or Buyers Looking To Live In One Unit While Generating Significant Rental Income.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 428 THOROLD Road, Welland, ON L3C 3W6
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MLS# X13445010
Listed by ROCK STAR REAL ESTATE INC.
On market since Jun 15, 2026
What comparable homes actually sold for in the last 12 months.
428 THOROLD Road, Welland, ON L3C 3W6 is listed for $629,990 CAD.
428 THOROLD Road, Welland, ON L3C 3W6 has 5 bedrooms and 3 bathrooms.
428 THOROLD Road, Welland, ON L3C 3W6 is a Multiplex.
428 THOROLD Road, Welland, ON L3C 3W6 is in Welland, Ontario.
428 THOROLD Road, Welland, ON L3C 3W6 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 428 THOROLD Road, Welland, ON L3C 3W6 (MLS# X13445010). You can also send a message through the contact form on this site.
