$ 1,194,900
56 Hellems AVE Welland, ON L3B 3A9
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$ 1,194,900
Est. payment | /mo
15,107 SqFt
$ 1,194,900
Est. payment | /mo
15,107 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 15,107 sqft
Price per Sqft $79
MLS Listing ID X10406615
Annual Tax Amount $14,720
Tax Year 2024
Property Description
ATTENTION INVESTORS! Unique Opportunity to buy a building where all of the heavy lifting has been done. The building is currently vacant and the demolition has been started and is ready for you to take this project to the next level! Current approval for 10 residential units on the second floor is in place. Potential for mixed use on the main level, proposed for an additional 6-8 residential units plus a commercial unit. Get started with redevelopment on the second floor while you plan out the main level and set your own rents! Plus a bonus of over 7,500 Sqft of unutilized space in the basement. Perfect project for CMHC Financing with great Cashflow potential, in the heart of Wellands downtown core. This property has a prime corner location with high visibility frontage with public transportation, shopping, dining and entertainment all nearby.
Location
Province ON
County Niagara
Community Public Transit
Interior
Cooling No
Exterior
Garage Spaces 3.0
Community Features Public Transit
Utilities Available Available
Parking Type Other
Others
Security Features Yes
Listed by RE/MAX ESCARPMENT GOLFI REALTY INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN