$999,900

Investment For Sale In West Main, Welland, Ontario

$999,900

Property Information:

Prime Downtown Location with one of Welland’s most versatile zoning by laws there is (DMC). This solid all brick 4 plex was built in 1927 and was built to last. Located in high traffic area within minute walk to Welland Canal and City Hall, this building offers the possibilities for many future uses including Restaurant, Mixed Commercial/Residential, Medical Office, the permitted uses are endless and the possibilities to expand may also be an option to increase monthly revenue and live and work from your own space rent free. Currently Fully Occupied and features two 2-bedroom units- one 1-Bedroom Unit and one Bachelor Unit. Coin Laundry on site and all tenants pay their own Hydro. Recent upgrades include New Membrane roof 2023,2023 Rents Unit 1 $1100.00, Unit 2 $1250.00, Unit 3 $1700.00, Unit 4 $1700.00. If you’re looking for potential and opportunity, then this might just be the one you have been looking for. Some of the units have been updated to include new floors, kitchens, paint and bathroom.

Inclusions: Other

Building Features:

  • Floor Space: 2700 Square Feet

Property Features:

  • Bedrooms: 5
  • Acres Range: < 0.5
  • Basement: None
  • Built in: 1955
  • Construction Materials: Block
  • Cooling: Wall Unit(s)
  • Driveway Parking: Outside/Surface/Open, Private Drive Triple+ Wide, Visitor Parking
  • Exterior Features: Lighting, Private Entrance
  • Floor Space (approx): 2700 Square Feet
  • Heating: Natural Gas, Radiant
  • Interior Features: Separate Hydro Meters
  • Laundry Features: Shared
  • Lot Depth: 99 Feet
  • Lot Features: Rectangular, Business Centre, Dog Park, City Lot, High Traffic Area, Hospital, Park, Place of Worship, Public Parking, Public Transit, Shopping Nearby
  • Lot Frontage: 37.00 Feet
  • Parking Features: In/Out Parking, Incomplete
  • Roof: Membrane
  • Security Features: Carbon Monoxide Detector(s)
  • Water Source: Municipal
  • Zoning: DMC
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 4

Courtesy of: COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE

Data provided by: Niagara Association of REALTORS® 116 Niagara Street, St. Catharines, Ontario L2R 4L4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved