Maximum 4 project can be compared at one go.
$699,900
Status: For Sale
Rare purpose built 4 plex building opportunity for purchase in the heart of Welland, downtown with ALMOST 6% cap rate and continuous potential for more! LIVE, WORK & PLAY with this Solid mixed-use building in downtown core, currently fully leased with 3 residential apartments and 1 commercial unit. The main floor is a commercial unit current used as a Salon with a long term lease in place. The 3 Residential units are very spacious and have solid, quality tenants with potential for future large lease increases! Has its own driveway access with 3 car parking in the rear. Many upgrades include a newer Roof (2023) and fully renovated commercial unit and unit 1 (with market rents), newer roof 2023 and more! Many incentives in the downtown core available. Full financial statement and feature sheets attached in the listing.
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40680317 |
| Listing Type | :Sale |
| Property Age | :Unknown Years |
| Possession Date | : |
| Last Updated | :22 Nov, 2024 (2 Days ago) |
| Source | :Oakville |
| Area | :Niagara |
|---|---|
| City | :Welland |
| Area Major | :Welland |
| Area Minor | :768 - Welland Downtown |
| Postal Code | :
L3B 3Z6
|
| Directions | :Main And Niagara |
| Price | : $699,900 |
|---|---|
| Property Taxes | :$4114.02 |
| Tax Year | :2024 |
|---|
| Bedrooms | :4 + |
|---|---|
| Heating | :Radiant |
| Place of Worship | :No |
| Bathrooms | :3 |
|---|---|
| Approx Square Footage | :3400 sqft |
22 Nov, 2024
TREB #40680317
Listed
$699900
Sign in to view full price history of this property
