Added 1 week ago
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Type: Investment
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Property Type: Commercial
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Business Type: Apts-13 To 20 Units
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Zoning: DMC
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Age: 51-99 years
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Taxes: 14720.04
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MLS®#: X10406615
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Days on Site: 5 Days
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Added: Nov 03, 2024 (1 week ago)
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Updated:
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Last Checked: 6 hours ago
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Listed By: RE/MAX ESCARPMENT GOLFI REALTY INC.
ATTENTION INVESTORS! Unique Opportunity to buy a building where all of the heavy lifting has been done. The building is currently vacant and the demolition has been started and is ready for you to take this project to the next level! Current approval for 10 residential units on the second floor is in place. Potential for mixed use on the main level, proposed for an additional 6-8 residential units plus a commercial unit. Get started with redevelopment on the second floor while you plan out the main level and set your own rents! Plus a bonus of over 7,500 Sqft of unutilized space in the basement. Perfect project for CMHC Financing with great Cashflow potential, in the heart of Wellands downtown core. This property has a prime corner location with high visibility frontage with public transportation, shopping, dining and entertainment all nearby.
Property
Status: Sale
Type: Apts-13 To 20 Units
Property Type: Investment
Property Type: Apartment
Age: 51-99
Area: Welland
Availability Date: Flexible
Inside
Air Conditioning: N
Utilities
Utilities: Available
Building
Basement: Y
Heat Type: Other
Elevator: None
Energy Certificate: N
Green Verification Status: N
Freestanding: Y
Outside Storage: N
Water Supply: Municipal
Physically Handicapped-Equipped: N
Parking
Garage Type: Other
Covered Parking Spaces: 3
Fees
Tax Year: 2024
Tax Legal Description: LT 1 S/S OF DIVISION ST (DIFFIN BLK) PL 564 ; WELLAND
Taxes: $14,720
Taxes Type: Annual
Land
Cross Street: Division Street
Municipality District: Welland
Parcel Number: 641070189
Lot Depth: 129.09 Feet
Lot Frontage: 65.49 Feet
Lot Irregularities: 65.49 ft x 129.76 ft
Zoning: DMC
Commercial Specific
Rail: N
Sprinklers: Y
Total Area: 15107.5
Total Area Metric: Sq Ft
Office Size: 15108
Office Size Metric: Sq Ft
Area Influence: Public Transit
Days Open: 7
Franchise: N
Tangible Property Included: N
Crane: N
Lot Code: Lot
Survey: N
Soil Test: Envirn Audit
Financial Statement: N
LLBO: N
St Mary Catholic Elementary School
Elementary: CatholicRoss Public School
Elementary: PublicFitch Street Public School
Elementary: PublicPlymouth Public School
Elementary: PublicSt Kevin Catholic Elementary School
Elementary: CatholicPrincess Elizabeth Public School
Elementary: PublicÉcole 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
