For Sale: 428 Thorold Road, Welland, ON - REW
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$679,900
5 bd • 3 ba • 1450 sf • Multifamily
428 Thorold Road
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$679,900
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428 Thorold RoadWelland, ON, L3C 3W6

  • 5 Bed
  • 3 Bath
  • 1450 Sqft
  • Multifamily

About this home

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.
Listed by: Long (Charles) Li, Rock Star Real Estate Inc., Brokerage

Home facts and features

Price details
List Price
$679,900
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Gross Taxes for 2026
$3,360
Home facts
Bedrooms
5
Full Bathrooms
3
Parking Spaces
10
Property Type
Multifamily
Lot Size
60 ft x 152 ft (9189 ft²)
Depth
152.89
Frontage
60.1
Year Built
Built in 1948 (78 yrs old)
Heating Type
Forced Air,Natural Gas
Cooling
Central Air
Basement Details
Full,Finished,Sump Pump
Features
Accessory Apartment, Carbon Monoxide Detector, In-suite, Separate Hydro Meters, Smoke Detector
Agent details
Primary Agent
Primary Broker
Rock Star Real Estate Inc., Brokerage
Secondary Agent
Secondary Broker
Rock Star Real Estate Inc., Brokerage
Listing details
Days on REW
37 Days
MLS® Number
40824690
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®
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Property Insights

Gordon Public School
  • Public
  • JK - 8
Father Patrick H. Fogarty School
  • Catholic
  • 9 - 12
Centennial Secondary School
  • Public
  • 9 - 12
ÉÉC du Sacré-Coeur-Welland
  • Catholic
  • JK - 8
Holy Name Catholic Elementary School
  • Catholic
  • JK - 8
Fitch Street Public School
  • Public
  • JK - 8
Alexander Kuska KSG Catholic Elementary School
  • Catholic
  • JK - 8
É Élém Nouvel Horizon
  • Public
  • JK - 6
Glendale Public School
  • Public
  • JK - 8
Ross Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Long (Charles) Li
Phone:
(905) 361-9098
Cell:
647-512-8813
Office:
905-361-9098
Mike Desormeaux
Cell:
416-662-5741
Office:
905-361-9098
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