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Welland,ON L3B 1X7
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,328 sqft
Price per Sqft $285
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X12471266
Annual Tax Amount $4,700
Tax Year 2024
Property Sub-Type Investment
Property Description
All-brick 2-storey multi-residential building in the heart of Welland! This solid investment property features four finished 2-bedroom, 1-bathroom units, plus a full basement with two additional units that are nearly complete - offering excellent potential to expand the building to six or even seven total units once finalized. The property has been extensively updated, including a brand-new tankless boiler system, upgraded main electrical wiring, and a sprinkler system with alarm. A recent fire inspection and approved fire plan are also in place, ensuring everything is up to current standards and ready to go. A detached double garage provides additional income or storage opportunities. Situated close to schools, shopping, and public transit, this is an ideal opportunity for investors seeking both growth and long-term returns.
Location
State ON
County Niagara
Community 773 - Lincoln/Crowland
Area Niagara
Zoning RL1
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 45.0
Lot Depth 119.0
Others
ParcelsYN No