602 Main Street, Welland | Image 1

602 Main Street

Welland

  • Commercial

$695,000
For Sale

Added 4 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: Commercial

  • Age: No Data

  • Taxes: 3200

  • MLS®#: X7347290

  • Days on Site: 122 Days

  • Added: Dec 06, 2023 (4 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: RIGHT AT HOME REALTY

Excellent opportunity to own a 5 units property in 2 buildings with plenty of parking between the 2 buildings in the Niagara region in Welland. The property has 3 -2 bedrooms apartments and 1 - 1 bedroom apartment plus a store front and there is also an exterior sign rental. Fully rented. Tenants pay own hydro. Property is in a great location. May require some rennovations but seller is willing to offer a partial VTB (second mortgage at a very low interest rate for up to 2 years depending on the offer) so a buyer may possibly have the opportunity to buy this property with a low deposit or to possibly lower the total monrhtly mortgage payments.

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Welland

  • Availability Date: Flexible

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Double Detached

Fees

  • Tax Year: 2022

  • Tax Legal Description: LT 125 PL 945; Welland

  • Taxes: $3,200

  • Taxes Type: Annual

Land

  • Cross Street: Main St E/Wallace Av

  • Municipality District: Welland

  • Parcel Number: 641150103

  • Lot Depth: 40 Feet

  • Lot Frontage: 127 Feet

  • Zoning: Commercial

Commercial Specific

  • Sprinklers: N

  • Total Area: 5177

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

Map of 602 Main Street, Welland
7-8

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