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Welland
14 ASHER STREET

$599,000

14 ASHER STREET, Welland, Ontario, L3B 4J1

MLS® # X12690258

Welland ON, L3B 4J1

MLS® # X12690258

Property Information:

Four-plex Apt building under power of sale with exceptional redevelopment potential situated on a Oversized lot for the area. The property has received City of Welland approval for a minor variance supporting a 30-unit mid-rise development, consisting of 30 residential units with surface parking in 2023. The existing building currently contains four self-contained units with separate metering available, all of which are vacant. Ideal for Renovator /Investor to renovate all the rental units and lease out at market rents or rebuild. The site is zoned RM - Medium Density Residential which allows develop as mentioned or on a smaller scale. Don't Miss this Opportunity ! (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Air Conditioning: Yes
Basement Development: Unfinished
Basement Type: N/A
Exterior Finish: Aluminum siding
Floor Space: 0 - 699 sqft
Foundation Type: Concrete
Heating Type: Other
Heating Fuel: Other
Cooling Type: None, Window air conditioner

Property Features:

Property Type: Multi-family
Bedrooms: 7
Bathrooms: 4
Floor Space (approx): 0 - 699 Square Feet
Irregular: Yes
Lot Depth: 138 Feet
Lot Frontage: 70 Feet
Lot Size: 70 x 138 FT
Utility Type: Cable - Available, Sewer - Installed, Hydro - Available
Zoning: RM, RL2
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 5

Courtesy of: GIVALAS REAL ESTATE LTD.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 14 ASHER STREET, Welland, Ontario, L3B 4J1

Lifestyle
Neighbourhood

Demographic Information of 14 ASHER STREET, Welland, Ontario, L3B 4J1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$67,680.48

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.68 %

High school certificate or equivalent

37.24 %

Apprenticeship trade certificate/diploma

7.88 %

College/non-university certificate

22.63 %

University Degree

7.56 %

Commuter

Travel To Work

By Car

80.4 %

By Public Transit

1.21 %

By Walking

5.81 %

By Bicycle

1.14 %

By Other Methods

11.44 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

54.37 %

Houses

45.63 %

Own Vs. Rent