583-585 King Street, Welland | Image 1

583-585 King Street

Welland

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

Sold on Apr 27, 2023

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

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  • Type: Multiplex

  • Style: 2-Storey

  • Size: 3500 sqft

  • Lot Size: 39 x 132.34 Feet

  • Age: No Data

  • Taxes: $6,277 per year

  • Days on Site: 90 Days

  • Added: Jan 26, 2023 (2 months on market)

  • Updated:

  • Last Checked: 11 hours ago

  • MLS®#: X5880755

  • Listed By: Tesa real estate inc., brokerage

Being Offered With A $100,000 Vtb At 6.99%. This Impressive Cashflow Investment Opportunity Is Offered At A 5.7% Cap Rate. Located In Downtown Welland, This Legal Multiplex With 7 Apartments Contains 3 Two-Bedroom And 4 One-Bedroom Units With The Majority Of The Units Renovated. Offering 6 Parking Spots And Much More. This Turn-Key Multiplex Won't Last Long. Extensive Renovations Include Roof Replacement In 2019, Most Windows And Entrance Doors Replaced, Upgraded Electricals And Fire Alarms, Major Plumbing Upgrades, Main Water Line, New Meter Upgrade, 3 New Furnaces, 2 New A/C Units, Legal Conversion Of 2 Commercial Units To Residential Units Along With Additional Renovations To The Majority Of Units. This Property Is Being Sold With 583 King St.

Extras

$400,000 Spent On Renovations And Upgrades Full Interior Renovations Of 4 Apartments Flat Roof Replacement 2019 Most Windows & Doors 2020-21 Basement Fire Code Upgrade 2020-22 3 New Furnaces & Ductwork 2020-21 2 New A/C New Main Water Line

Status

  • Days on Market: 90

  • Last Status: Sold

  • Sold Date: Apr 27, 2023

  • Closed Date: Jul 04, 2023

  • Expiry Date: May 31, 2023

  • Sold Price: $1,170,000

  • Unavailable Date: Apr 27, 2023

  • Input Date: Jan 26, 2023

Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2-Storey

  • Size (sq ft): 3500

  • Area: Welland

  • Availability Date: Flex

Inside

  • Bedrooms: 9

  • Bedrooms Plus: 1

  • Bathrooms: 7

  • Kitchens: 7

  • Rooms: 24

  • Den/Family Room: Yes

  • Air Conditioning: Central Air

  • Fireplace: No

  • Washrooms: 7

Utilities

  • Electricity: Yes

  • Gas: Yes

Building

  • Basement: Full

  • Basement 2: Unfinished

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Brick

  • Exterior: Vinyl Siding

  • Water Supply: Municipal

  • Special Designation: Other

Parking

  • Driveway: Lane

  • Garage Type: None

  • Covered Parking Spaces: 6

  • Total Parking Spaces: 6

Fees

  • Tax Year: 2022

  • Tax Legal Description: Pt Lt 49 Pl 565 Pt 1 59R5065, T/W Ro683141 ; Wella

  • Taxes: $6,277

Land

  • Cross Street: King St. And Ontario

  • Municipality District: Welland

  • Fronting On: West

  • Parcel Number: 641220018

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 132.34 Feet

  • Lot Frontage: 39 Feet

  • Lot Irregularities: Regular

  • Acres: < .50

  • Zoning: Cc2

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Car-Dependent

  • Almost all errands require a car.
11 /100

Some Transit

  • Most errands require a car.
27 /100

Bikeable

  • Some errands can be accomplished on bike.
68 /100
Map of 583-585 King Street, Welland
JK-6

École élémentaire Champlain

Elementary: Public
1.41 km
JK-8

St Augustine Catholic Elementary School

Elementary: Catholic
1.39 km
JK-8

St Mary Catholic Elementary School

Elementary: Catholic
0.55 km
JK-8

Fitch Street Public School

Elementary: Public
2.09 km
JK-8

Plymouth Public School

Elementary: Public
0.75 km
JK-8

Diamond Trail Public School

Elementary: Public
1.42 km
9-12

École secondaire Confédération

Secondary: Public
2.53 km
9-12

Eastdale Secondary School

Secondary: Public
2.37 km
9-12

ÉSC Jean-Vanier

Secondary: Catholic
3.90 km
9-12

Centennial Secondary School

Secondary: Public
3.22 km
Pre-Grade 9-12

Lakeshore Catholic High School

Secondary: Catholic
9.11 km
Pre-Grade 9-12

Notre Dame College School

Secondary: Catholic
2.51 km

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