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Welland,ON L3B 3Z6
Key Details
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $205
MLS Listing ID 40680317
Bedrooms 4
Abv Grd Liv Area 3,400
Originating Board Oakville
Annual Tax Amount $4,114
Property Description
Rare purpose built 4 plex building opportunity for purchase in the heart of Welland, downtown with ALMOST 6% cap rate and continuous potential for more! LIVE, WORK & PLAY with this Solid mixed-use building in downtown core, currently fully leased with 3 residential apartments and 1 commercial unit. The main floor is a commercial unit current used as a Salon with a long term lease in place. The 3 Residential units are very spacious and have solid, quality tenants with potential for future large lease increases! Has its own driveway access with 3 car parking in the rear. Many upgrades include a newer Roof (2023) and fully renovated commercial unit and unit 1 (with market rents), newer roof 2023 and more! Many incentives in the downtown core available. Full financial statement and feature sheets attached in the listing.
Location
Province ON
County Niagara
Area Welland
Zoning DMC
Direction Main And Niagara
Rooms
Basement None
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Radiant
Cooling None
Fireplace No
Appliance Refrigerator,Stove
Laundry None
Exterior
Waterfront Description Access to Water
Roof Type Asphalt
Lot Frontage 22.83
Lot Depth 126.16
Garage No
Building
Lot Description City Lot,Library,Rec./Community Centre
Faces Main And Niagara
Story 2
Foundation Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 641070022
Ownership Freehold/None