196 Ross Street
Welland (Welland Downtown), ON L3B 2N3
- 5+1Bedrooms
- 4Bathrooms
- 4Parking
- 2000–2500Sq Ft
- $3,993Tax
- 40×134 ftLot Size
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About 196 Ross Street, Welland, Welland Downtown
Summarized Description
- Solid fourplex in Welland, ideal for investors.
- Generates over $72k in annual income.
- Separate hydro meters for each unit.
- Zoned for residential medium density.
- Mechanically updated with modern systems.
- Close to public transit and amenities.
- Strong rental demand in a growing community.
- Excellent potential for future appreciation.
Welcome To An Excellent Investment Opportunity In The Heart Of Welland! This Solid Fourplex Is A Rare Find For Savvy Investors Looking To Add A Multi-Unit Property To Their Portfolio. Over +$72k in annual income, cashflow machine! Featuring Separate Hydro Meters For Each Unit Plus A House Meter, This Property Offers Added Convenience And Long-Term Cost Efficiency. This Multi-Unit Property Is Zoned Residential Medium Density (RM), Allowing For Excellent Flexibility And Future Potential. Mechanically updated w/ breaker panel, vinyl windows, boiler & roof shingles! Ideally Located On Ross Street In A Mature, Central Neighbourhood, This Property Is Close To Public Transit, Schools, Parks, Shopping, And Everyday Amenities. Minutes To Downtown Welland, The Welland Canal, Niagara College, And Easy Access To Major Roads Connecting You To Niagara Falls, St. Catharines, And Hwy 406. With Strong Rental Demand In The Area And A Growing Community, This Fourplex Presents An Excellent Opportunity For Steady Cash Flow And Future Appreciation. A Smart Addition To Any Investment Portfolio In One Of Niagara's Up And-Coming Markets.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,993
- Land Transfer Tax Fee
- $10,473
Rental Items
- Under Contract
- Hot Water Heater
- Basement Type
- Finished
Interior Features
- Laundry Level
- Lower
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Brick Veneer, Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation Details
- Unknown
- Special Designation
- Unknown
Lot
- Lot Front
- 39.54 ft
- Lot Depth
- 134.00 ft
Inclusions
- Inclusions
- See Schedule C
Exclusions
- Exclusions
- Tenant's Belongings.
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 4
- Parking Spaces
- 4
- Total Garage And Parking Spaces
- 4
Heating & Cooling
- Heat Source
- Other
- Heat Type
- Radiant
- Air Conditioning
- Other
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 5 + 1
- Washrooms
- 4
- Kitchens
- 4
Room sizes
- Living Room—Main level
- Kitchen—Main level
- Bedroom—Main level
- Bedroom—Main level
- Bedroom—Main level
- Living Room—Second level
- Kitchen—Second level
- Bedroom—Second level
- Living Room—Second level
- Kitchen—Second level
- Bedroom—Second level
- Living Room—Basement level
- Kitchen—Basement level
- Bedroom—Basement level
Washrooms
- 3-piece, Main
- 4-piece, Second
- 4-piece, Second
- 3-piece, Basement
- Municipality
- Welland
- Neighbourhood
- Welland Downtown
- Main cross streets
- East Main St & Niagara St
- Directions
- East Main St & Niagara St
- MLS® number
- X12762846
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-03-03
- Listed on
- 2026-02-05
- Days on market
- 26 days
- Possession type
- 30-59 days
- Co-op commission
- 2.0% + HST
- Seller
- Listed by
- ROYAL LEPAGE SIGNATURE REALTY
Home Market Value
Current home valuation for 196 Ross Street, Welland, Welland Downtown, Welland, ON. Listed for $699,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 196 Ross Street, Welland, Welland Downtown
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $199,900 over $500K
$44,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $26,176 | $19,527 | $16,658 | $0 |
=Total mortgage | $680,582 | $649,437 | $611,573 | $559,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,323monthly | $3,171monthly | $2,986monthly | $2,734monthly |
Land Transfer Tax
$10,473
$10,473
Around this home
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