42 Riverside Drive, Welland | Image 1

42 Riverside Drive

Welland

  • - bed - bath - sqft
$XXX,XXX Listed: $XXX,XXX
Sold

Sold on Jun 03, 2024

Note: Property is not currently for sale or for rent.

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  • Type: Fourplex

  • Style: 2-Storey

  • Size: 2000 sqft

  • Lot Size: 45 x 70 Feet

  • Age: 100+ years

  • Taxes: $4,534 per year

  • Days on Site: 28 Days

  • Added: May 06, 2024 (4 weeks on market)

  • Updated:

  • Last Checked: 6 hours ago

  • MLS®#: X8314396

  • Listed By: Revel realty inc.

Unique Investment opportunity with this legal Multi-Unit (4) located directly on the Welland River! *VACANT POSSESSION OF ALL 4 UNITS* Possibilities are endless with this 4 unit property consisting of 1 - 3 bedroom unit, 2 - 1 bedroom units, and a Bachelor unit. Separate hydro meters for unit 3 & 4, and shared hydro meter for unit 1 & 2. Walk out Entrance from Lower LeveL Flat Roof replaced in 2013. Heated by efficient boiler system. Building does need extensive work (update interior finishes throughout) to get current market rent values which are estimated at approximately $1800/month + hydro for 3 bed, $1600/month + hydro for each - 2 bedroom units, $750/month + hydro for Bachelor unit giving it a potential total gross rent of $5750/month or $69,000/yr!

Status

  • Days on Market: 28

  • Last Status: Sold

  • Sold Date: Jun 03, 2024

  • Closed Date: Jul 29, 2024

  • Expiry Date: Jul 31, 2024

  • Sold Price: $325,000

  • Unavailable Date: Jun 04, 2024

  • Input Date: May 07, 2024

  • Prior LSC: Listing with no contract changes

Property

  • Status: Sale

  • Property Type: Fourplex

  • Style: 2-Storey

  • Size (sq ft): 2000

  • Age: 100+

  • Area: Welland

  • Availability Date: Flexible

Inside

  • Bedrooms: 6

  • Bathrooms: 4

  • Kitchens: 4

  • Rooms: 14

  • Den/Family Room: No

  • Air Conditioning: Wall Unit

  • Fireplace: No

  • Washrooms: 4

Building

  • Basement: Full

  • Basement 2: Unfinished

  • Heat Type: Radiant

  • Heat Source: Gas

  • Exterior: Vinyl Siding

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Private

  • Garage Type: None

  • Covered Parking Spaces: 6

  • Total Parking Spaces: 6

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 1 PL 959 , PT LT 28 CON 5 CROWLAND , AS IN RO716998 ; WELL

  • Taxes: $4,534

Land

  • Cross Street: Wade

  • Municipality District: Welland

  • Fronting On: East

  • Parcel Number: 641010088

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 70 Feet

  • Lot Frontage: 45 Feet

  • Zoning: RL2

  • Water Body Type: River

  • Water Frontage: 13.72

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Somewhat Walkable

  • Some errands can be accomplished on foot.
59 /100

Some Transit

  • Most errands require a car.
30 /100

Bikeable

  • Some errands can be accomplished on bike.
59 /100
Map of 42 Riverside Drive, Welland
JK-8

St Augustine Catholic Elementary School

Elementary: Catholic
1.94 km
JK-8

Ross Public School

Elementary: Public
1.72 km
JK-8

Fitch Street Public School

Elementary: Public
0.87 km
JK-8

Plymouth Public School

Elementary: Public
1.56 km
JK-8

ÉÉC du Sacré-Coeur-Welland

Elementary: Catholic
1.23 km
JK-8

Holy Name Catholic Elementary School

Elementary: Catholic
1.10 km
9-12

École secondaire Confédération

Secondary: Public
3.15 km
9-12

Eastdale Secondary School

Secondary: Public
3.08 km
9-12

ÉSC Jean-Vanier

Secondary: Catholic
3.53 km
9-12

Centennial Secondary School

Secondary: Public
1.96 km
9-12

E L Crossley Secondary School

Secondary: Public
7.50 km
Pre-Grade 9-12

Notre Dame College School

Secondary: Catholic
1.96 km

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