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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
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 fully finished 2-bedroom, 1-bathroom units, plus a full basement with two additional units that are approximately 75% complete. With proper city approvals and permits, the building can be completed as a legal 6-unit property, offering excellent value-add potential. Major updates have already been taken care of, including a brand-new tankless boiler system, upgraded main electrical wiring, and a full sprinkler system with alarm. A recent fire inspection and approved fire plan ensure compliance with current safety standards and reduce future risk. A detached double garage provides the option for additional income or secure storage. Located near schools, shopping, and public transit, this is the perfect opportunity for investors seeking both strong rental income and future growth potential in a desirable area of Welland.
Location
Province ON
County Niagara
Community 773 - Lincoln/Crowland
Area Niagara
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 45.0
Lot Depth 119.0
Others
ParcelsYN No
Listed by COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
"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