38 DIVISION Street, Welland | Image 1

38 DIVISION Street

Welland, 768 - Welland Downtown

  • Commercial

$699,900
For Sale

Added 4 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: DMC

  • Age: No Data

  • Taxes: 4114.02

  • MLS®#: X10442754

  • Days on Site: 28 Days

  • Added: Nov 22, 2024 (4 weeks ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: RE/MAX Real Estate Centre Inc, Brokerage

Rare purpose built 4 plex building opportunity for purchase in the heart of Welland, downtown with ALMOST 6% cap rate and continuous potential for more! LIVE, WORK & PLAY with this 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. The 3 Residential units are very spacious and have solid, quality tenants with potential for future large lease increases! Has its own 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), newer roof 2023 and more! Many incentives in the downtown core available. Full financial statement and feature sheets attached in the listing.

Property

  • Status: Sale

  • Property Type: Investment

  • Area: Welland

  • Community: 768 - Welland Downtown

  • Availability Date: Flexible

  • Assessment Amount: $291,000

  • Assessment Year: 2024

Inside

  • Bathrooms: 3

  • Air Conditioning: None

  • Washrooms: 3

Building

  • Basement: N

  • Heat Type: Radiant

  • Water Supply: Municipal

Parking

  • Covered Parking Spaces: 3

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LTS 9 ( N/S DIVISION ST ) PL 564 DESIGNATED AS PARTS 1 & 2 ON

  • Taxes: $4,114

  • Expenses: Act

  • Insurance Fee: 4273

  • Operating Fees: 14537

  • Heat Expenses: 1733

Land

  • Cross Street: Main And Niagara

  • Municipality District: Welland

  • Parcel Number: 641070022

  • Sewer: Sewers

  • Lot Depth: 126.16 Feet

  • Lot Frontage: 22.83 Feet

  • Zoning: DMC

Commercial Specific

  • Total Area: 3400

  • Total Area Metric: Sq Ft

  • Area Influence: Rec Centre

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Map of 38 DIVISION Street, Welland
JK-8

Glendale Public School

Elementary: Public
1.92 km
JK-8

St Mary Catholic Elementary School

Elementary: Catholic
1.21 km
JK-8

Ross Public School

Elementary: Public
1.08 km
JK-8

Fitch Street Public School

Elementary: Public
1.11 km
JK-8

Plymouth Public School

Elementary: Public
0.99 km
JK-8

St Kevin Catholic Elementary School

Elementary: Catholic
1.20 km
9-12

École secondaire Confédération

Secondary: Public
2.08 km
9-12

Eastdale Secondary School

Secondary: Public
2.05 km
9-12

ÉSC Jean-Vanier

Secondary: Catholic
2.55 km
9-12

Centennial Secondary School

Secondary: Public
2.07 km
9-12

E L Crossley Secondary School

Secondary: Public
7.89 km
Pre-Grade 9-12

Notre Dame College School

Secondary: Catholic
1.07 km
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