Added 2 months ago
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Type: Investment
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Property Type: Commercial
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Zoning: RL2
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Age: No Data
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Taxes: 6308.31
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MLS®#: X9414435
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Days on Site: 73 Days
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Added: Sep 05, 2024 (2 months ago)
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Updated:
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Last Checked: 8 hours ago
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Listed By: ROYAL LEPAGE NRC REALTY
Calling all savvy investors!! 5-Plex with ability to add more units or use the existing autoshop with hoist!! Entire building has a metal roof so no up-keep needed. Shop can easily be turned into 3 more units at least or can add revenue by renting out as a shop with office space and a two piece bathroom. Current 5 unit apartment building with spacious apartments and mostly renovated throughout. All 6 Hot water heaters are owned and replaced in 2022. Room measurements for all units available upon request. No interior photos of units as per tenants request. Each unit is spacious and offers nice floor plan with high ceilings on main floor. Individually metered units for Hydro, Coin Laundry on Site. All units have own panel box in their units. Building also offers interconnected smoke alarms in common areas. Basement is very large and was waterproofed from the inside fully by Wisecracks 2010, and offers potential for personal use or can add additional storage lockers to tenants for an additional income stream or rent out basement separately for storage and add to the NOI (Net Operating Income). Showings will only be Wednesday from 11 - 7 and Saturday 12 - 5 with listing agent present.
Property
Status: Sale
Property Type: Investment
Area: Welland
Community: 768 - Welland Downtown
Availability Date: Flexible
Assessment Amount: $359,000
Assessment Year: 2024
Inside
Bathrooms: 6
Air Conditioning: None
Washrooms: 6
Building
Basement: Y
Heat Type: Radiant
Water Supply: Municipal
Parking
Garage Type: Lane
Covered Parking Spaces: 5
Fees
Tax Year: 2024
Tax Legal Description: PT BLK Y PL 564 AS IN RO711989 ; WELLAND
Taxes: $6,308
Heat Expenses: 4528
Other Expenses: 100
Land
Cross Street: Corner of Hagar St a
Municipality District: Welland
Parcel Number: 641100002
Sewer: Sewers
Lot Depth: 155 Feet
Lot Frontage: 45.75 Feet
Zoning: RL2
Commercial Specific
Total Area: 6536
Total Area Metric: Sq Ft
Area Influence: Public Transit
École élémentaire Champlain
Elementary: PublicÉÉC Saint-François-d'Assise
Elementary: CatholicSt Mary Catholic Elementary School
Elementary: CatholicPlymouth Public School
Elementary: PublicSt Kevin Catholic Elementary School
Elementary: CatholicPrincess Elizabeth Public School
Elementary: PublicÉcole secondaire Confédération
Secondary: PublicEastdale Secondary School
Secondary: PublicÉSC Jean-Vanier
Secondary: CatholicCentennial Secondary School
Secondary: PublicLakeshore Catholic High School
Secondary: CatholicNotre Dame College School
Secondary: Catholic
