131 THIRD Street, Welland | Image 1

131 THIRD Street

Welland, 773 - Lincoln/Crowland

  • Commercial

$2,200,000
For Sale

Added 3 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: INSH

  • Age: 51-99 years

  • Taxes: 20874

  • MLS®#: X9414333

  • Days on Site: 116 Days

  • Added: Aug 22, 2024 (3 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: RE/MAX NIAGARA REALTY LTD, BROKERAGE

Purpose-built solid brick 12-unit apartment complex on a 111 X 208 parcel zoned INSH. lot provides the potential for adding future development on the site. The building is solid with high quality terrazzo floors throughout hallways. lots of areas to substantially improve income . 8x 2 bed units, 3 x 1 bed units, 1 x 3 bed unit. Location will appeal to many tenants with access to ample parking, on-site laundry, public transit, hospital and a variety of amenities all within walking distance. Tremendous opportunity for the long term investor

Property

  • Status: Sale

  • Property Type: Investment

  • Age: 51-99

  • Net Income: 92300

  • Area: Welland

  • Community: 773 - Lincoln/Crowland

  • Availability Date: Flexible

  • Assessment Amount: $630,000

  • Assessment Year: 2023

Inside

  • Air Conditioning: None

Building

  • Basement: Y

  • Heat Type: Baseboard

  • Water Supply: Municipal

Parking

  • Garage Type: Detached

  • Covered Parking Spaces: 14

Fees

  • Tax Year: 2022

  • Tax Legal Description: PT BLK D PL 574 AS IN RO749116 ; S/T RO108867 WELLAND

  • Taxes: $20,874

  • Insurance Fee: 7898

  • Heat Expenses: 18086

  • Other Expenses: 6200

Land

  • Cross Street: PLYMOUTH TO THIRD ST

  • Municipality District: Welland

  • Parcel Number: 641220237

  • Sewer: Sewers

  • Lot Depth: 208 Acres

  • Lot Frontage: 111 Acres

  • Zoning: INSH

Commercial Specific

  • Total Area: 15400

  • Total Area Metric: Sq Ft

  • Area Influence: Park

  • Area Influence: Public Transit

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Map of 131 THIRD Street, Welland
JK-6

École élémentaire Champlain

Elementary: Public
1.01 km
JK-8

ÉÉC Saint-François-d'Assise

Elementary: Catholic
1.26 km
JK-8

St Mary Catholic Elementary School

Elementary: Catholic
0.09 km
JK-8

Plymouth Public School

Elementary: Public
0.29 km
JK-8

Diamond Trail Public School

Elementary: Public
1.24 km
JK-8

Princess Elizabeth Public School

Elementary: Public
1.26 km
9-12

École secondaire Confédération

Secondary: Public
2.06 km
9-12

Eastdale Secondary School

Secondary: Public
1.90 km
9-12

ÉSC Jean-Vanier

Secondary: Catholic
3.51 km
9-12

Centennial Secondary School

Secondary: Public
3.16 km
Pre-Grade 9-12

Lakeshore Catholic High School

Secondary: Catholic
9.37 km
Pre-Grade 9-12

Notre Dame College School

Secondary: Catholic
2.21 km
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