Added 1 day ago
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Type: Multiplex
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Style: 2-Storey
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Size: 3500 sqft
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Lot Size: 100.25 x 166.24 Feet
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Age: 100+ years
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Taxes: $6,422 per year
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Days on Site: 1 Days
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Added: Feb 27, 2025 (1 day ago)
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Updated:
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Last Checked: 3 hours ago
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MLS®#: X11993763
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Listed By: Coldwell banker advantage real estate inc, brokerage
Welcome to 38-40 First St., a solid brick 7-unit building offering a fantastic investment opportunity in the heart of Welland. Located in a prime area near new developments, this property is close to a wide range of amenities, including schools, parks, the hospital, recreation facilities, a pharmacy, and the Welland Canal.The building boasts 4,038 square feet of above-grade living space and includes 4 one-bedroom units and 3 two-bedroom units, generating a total annual rental income of $79,511.88 + utlities. Set on a spacious 100x166 ft lot with favorable INSH zoning, this property also holds significant potential for future development. Don't miss out on this versatile investment - book your showing today!
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Property
Status: Sale
Property Type: Multiplex
Style: 2-Storey
Size (sq ft): 3500
Age: 100+
Area: Welland
Community: 773 - Lincoln/Crowland
Availability Date: Imm w/ Tenants
Assessment Amount: $356,000
Assessment Year: 2024
Inside
Bedrooms: 7
Bedrooms Plus: 2
Bathrooms: 5
Kitchens: 5
Kitchens Plus: 2
Rooms: 17
Den/Family Room: No
Air Conditioning: None
Fireplace: No
Central Vacuum: N
Washrooms: 5
Building
Basement: Finished
Basement 2: Full
Heat Type: Water
Heat Source: Gas
Exterior: Brick
Water Supply: Municipal
Special Designation: Unknown
Parking
Garage Type: Detached
Fees
Tax Year: 2024
Tax Legal Description: PT BLK A, PL 574, AS IN RO528406; S/T & T/W RO528406 ; WELLAND
Taxes: $6,422
Highlights
Feature: Hospital
Feature: Park
Feature: Public Transit
Feature: Rec Centre
Feature: School
Land
Cross Street: King St. and First S
Municipality District: Welland
Fronting On: South
Parcel Number: 641210037
Pool: None
Sewer: Sewers
Lot Depth: 166.24 Feet
Lot Frontage: 100.25 Feet
Zoning: INSH
Very Walkable
- Most errands can be accomplished on foot.
Some Transit
- Most errands require a car.
Very Bikeable
- Most errands can be accomplished on bike.
École élémentaire Champlain
Elementary: PublicSt Mary Catholic Elementary School
Elementary: CatholicRoss Public School
Elementary: PublicFitch Street Public School
Elementary: PublicPlymouth Public School
Elementary: PublicPrincess 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-
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