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5310

MLS® 40824697

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1450 sqft
Garage 
Taxes $3,360
Days Active 0
Lot Size 
Approx. Age 1948
Avg. Price Per Sqft $468
MLS® Number 40824697

Property Address: 428 Thorold Road, Welland, ON, L3C3W6

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey LEGAL TRIPLEX in the heart of Welland delivering strong, reliable income. Situated on an exceptional 60 x 153 ft corner lot, this property offers rare outdoor space and the potential for up to 10-car parking, ideal for tenants and future flexibility. This well maintained building features three self-contained units, each with separate hydro meters and private in-suite laundry, a highly desirable setup for both investors and end-users. A shared front foyer provides access to the main and upper units, while the lower unit enjoys a separate rear entrance for added privacy. A sump pump has also been installed for added peace of mind. **UNIT 1 is bright featuring a comfortable living space, eat-in kitchen, one bedroom, four-piece bath, and its own laundry (Currently Vacant market rent $1, 400 + 30% utilities) offering immediate leasing or owner-occupancy potential. **UNIT 2 offers both main floor and 2nd floor living, a spacious layout with a large living area, oversized kitchen with ample cabinetry, two bedrooms, and a four-piece bathroom (Tenanted $1, 650 + 40% utilities). **The LOWER UNIT 3 is a 2 bed room, fully finished with a newer kitchen, updated bathroom, and modern flooring, offering a large living area, dedicated dining space, and in-suite laundry (Currently Vacant market rent $1, 575 + 30% utilities). Ideal for investors seeking a low-maintenance asset with strong cash flow, or buyers looking to live in one unit while generating rental income. Extensive upgrades include full legalization of Triplex in 2023 with a 200-amp electrical panel, upgraded 1" plumbing, and complete renovation of the lower unit (kitchen, bath, flooring, paint, fixtures). In 2026, the upper unit was further improved with a new kitchen, doors, baseboards, and fresh paint throughout.Show Description
MLS® Number40824697
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1948
BasementFull, Finished, Sump Pump
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
-End Date
Not Sold YetSold Price

For Sale

Apr 28, 2026List Date
$679,900List Price

Home Appraisal

This property is estimated to sell between: $659,000 and $691,000.
Similar properties in this area sold on average for: $659,384
Expected to sell in 39 days. Similar properties sold in 39 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
428 Thorold Road, Welland, ON

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