Added 2 weeks ago
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Type: Investment
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Property Type: Commercial
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Business Type: Apts-2 To 5 Units
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Zoning: DMC
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Age: No Data
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Taxes: 4112
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MLS®#: X11904466
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Added: Jan 02, 2025 (2 weeks ago)
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Updated:
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Last Checked: 1 hour ago
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Listed By: RE/MAX REAL ESTATE CENTRE INC.
Rare purpose built 4 plex building opportunity for purchase in the heart of Welland, downtown with ALMOST 6.3% cap rate as currently operated and continuous potential for more! Solid mixed-use building in downtown core, currently fully leased with 3 residential apartments and 1 commercial unit. The main floor is a commercial unit current used as a Salon with a long term lease in place, 2 years remaining, beautifully upgraded. The 3 Residential units are very spacious and have solid, quality tenants with potential for future large lease increases! Unit 2 and 3 need work and are long term tenants month to month. Unit 1 is a two Bedroom that has been fully redone and turnkey. This building comes with driveway access with 3 car parking in the rear. Many upgrades include a newer Roof (2023) and fully renovated commercial unit and unit 1 (with market rents), and much more! Many incentives in the downtown core available. Full financial statement and feature sheets attached in the listing. More pictures available upon request.
Property
Status: Sale
Type: Apts-2 To 5 Units
Property Type: Investment
Property Type: Apartment
Area: Welland
Availability Date: Flexible
Inside
Air Conditioning: N
Utilities
Utilities: Available
Building
Basement: N
Heat Type: Water Radiators
Elevator: None
Freestanding: N
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2024
Taxes: $4,112
Expenses: Act
Taxes Type: Annual
Land
Cross Street: Division and Main
Municipality District: Welland
Sewer: San Avail
Lot Depth: 126.16 Feet
Lot Frontage: 22.82 Feet
Zoning: DMC
Commercial Specific
Rail: N
Sprinklers: N
Total Area: 3400
Total Area Metric: Sq Ft
Franchise: N
Tangible Property Included: Y
Lot Code: Building
Financial Statement: Y
Glendale Public School
Elementary: PublicSt Mary Catholic Elementary School
Elementary: CatholicRoss Public School
Elementary: PublicFitch Street Public School
Elementary: PublicPlymouth Public School
Elementary: PublicSt Kevin Catholic Elementary School
Elementary: CatholicÉcole secondaire Confédération
Secondary: PublicEastdale Secondary School
Secondary: PublicÉSC Jean-Vanier
Secondary: CatholicCentennial Secondary School
Secondary: PublicE L Crossley Secondary School
Secondary: PublicNotre Dame College School
Secondary: Catholic
