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$2,950,000
Status: For Sale
A unique opportunity in the heart of Welland, it's a gem waiting to be polished! Buy and Hold or develop (a proposed 10-storey 149 unit purpose built apartment building)! Sitting just shy of an acre, this property is nestled within walking distance to parks, public transportation, amenities and critical public infrastructure. The mixed use site offers a multitude of avenues to maintain, stabilize or increase income streams for its future owner. Property is not leased to max capacity providing an opportunity to update/reno suites and bring in tenants at increased rental rates. The proximity to Welland County General Hospital provides an incredible opportunity to take advantage of the mixed use zoning, (INSH) Institutional Services & Health, allowing investors to potentially provide needed commercial services to the public in the area. Lots of upside with this property from multiple angles.
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40663673 |
| Listing Type | :Sale |
| Property Age | :Unknown years |
| Possession Date | : |
| Last Updated | :16 Oct, 2024 (15 Days ago) |
| Source | :Niagara |
| Area | :Niagara |
|---|---|
| City | :Welland |
| Area Major | :Welland |
| Area Minor | :773 - Lincoln/Crowland |
| Postal Code | :
L3B 3C8
|
| Directions | :Plymouth Rd and THird St |
| Price | : $2,950,000 |
|---|---|
| Property Taxes | :$26815.47 |
| Tax Year | :2023 |
|---|
| Bedrooms | :28 + |
|---|---|
| Air Conditioning | :Wall Unit(s) |
| Heating | :Radiant |
| Place of Worship | :No |
| Bathrooms | :1 |
|---|---|
| Approx Square Footage | :12572 sqft |
| Parking Space | :9 |
|---|
16 Oct, 2024
TREB #40663673
Listed
$2950000
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