55 McAlpine Avenue South, Welland | Image 1

55 McAlpine Avenue South

Welland

  • Commercial

$4,200,000
For Sale

Added 18 hours ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-Over 20 Units

  • Zoning: RM4

  • Age: No Data

  • Taxes: 42296

  • MLS®#: X9419647

  • Added: Oct 21, 2024 (18 hours ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: MYSAK REALTY INC.

23 unit building built in 1993. Comprised of 8 x 1 Bed, 15 x 2 Bed. 5.7% cap rate with full expenses for Maintenance, Super, Vacancy and Management. Currently self managed. Significant upside on current rents. Tenants pay own hydro. 30 Parking Spots. Great location close to all amenities. Listing agent will be showing the property on Saturday, October 26th from 1:00pm -3:00pm. Please confirm attendance.

Property

  • Status: Sale

  • Type: Apts-Over 20 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Welland

  • Availability Date: TBA

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Available

Building

  • Heat Type: Baseboard

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PLAN 40,LOT815-LOT818,LOT996 TO LOT 998,NP

  • Taxes: $42,296

  • Expenses: Est

  • Insurance Fee: 9710

  • Hydro Expense: 8335

  • Taxes Type: Annual

  • Taxes: 42296

  • Tax Year: 2024

  • Water Fees: 18137

Land

  • Cross Street: Near: EAST MAIN ST

  • Municipality District: Welland

  • Lot Depth: 238 Feet

  • Lot Frontage: 90 Feet

  • Zoning: RM4

Commercial Specific

  • Total Area: 0.58

  • Total Area Metric: Acres

  • Lot Code: Lot

  • Gross Income/Sales: 363024

Map of 55 McAlpine Avenue South, Welland
7-8

École élémentaire Confédération

Elementary: Public
0.97 km
JK-6

École élémentaire Champlain

Elementary: Public
1.40 km
JK-8

ÉÉC Saint-François-d'Assise

Elementary: Catholic
1.30 km
JK-8

St Andrew Catholic Elementary School

Elementary: Catholic
0.65 km
JK-8

Plymouth Public School

Elementary: Public
1.28 km
JK-8

Princess Elizabeth Public School

Elementary: Public
0.82 km
9-12

École secondaire Confédération

Secondary: Public
0.97 km
9-12

Eastdale Secondary School

Secondary: Public
1.01 km
9-12

ÉSC Jean-Vanier

Secondary: Catholic
2.07 km
9-12

Centennial Secondary School

Secondary: Public
2.92 km
9-12

E L Crossley Secondary School

Secondary: Public
8.66 km
Pre-Grade 9-12

Notre Dame College School

Secondary: Catholic
1.30 km