51 Fourth Street

773 - Lincoln/Crowland, Welland, ON L3B 4X7

$474,900

About This Property

One-of-a-Kind Opportunity! This exceptional detached property offers two fully self-contained homes on one deep, private lot, making it ideal for investors, multi-generational living, or owner-occupiers seeking additional income. The main two-storey residence features 2 bedrooms, 1 bathroom, and approximately 1,005 sq. ft. of well-maintained living space, along with a full, high, dry basement. Year-round comfort is provided by a high-efficiency Keeprite furnace and 2-ton central air conditioning. Privately situated at the rear, the separate guest house /in-law suite / auxiliary apartment offers 2 bedrooms, 1 bathroom, and 594 sq. ft. of bright living space with direct garden access. It is heated by a gas space heater and cooled by a window air-conditioning unit, creating a comfortable and independent living environment. Both homes have been exceptionally well cared for and maintained by excellent tenants, reflecting true pride of ownership. The property features outstanding landscaping on a deep, private lot and includes a custom shed/man cave/workshop as well as a custom potting shed. The lot presents outstanding future potential, including the possibility of redevelopment into a 4-plex, 6-plex,or other multi-family configuration. Additional features include separate hydro breakers, two separate gas meters, and two hot water tanks (rentals). Outdoor living is enhanced by a two-tier rear deck, covered front veranda, and a private deck for the guesthouse. A paved double driveway provides parking for up to six vehicles. Live in one and rent the other, rent both, or explore redevelopment opportunities. This truly unique, multi-opportunity property should not be missed. Main house rented for $2151/month and garden suite was rented for $1810, total monthly income potential of $3,961 ($47,532 annually)