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$1,194,900
Status: For Sale
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 Welland’s downtown core. This property has a prime corner location with high visibility frontage with public transportation, shopping, dining and entertainment all nearby.
| Property Type | :Commercial Sale |
|---|---|
| MLS Number | :40673137 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :08 Nov, 2024 (14 Days ago) |
| Source | :Hamilton - Burlington |
| Area | :Niagara |
|---|---|
| City | :Welland |
| Area Major | :Welland |
| Area Minor | :768 - Welland Downtown |
| Postal Code | :
L3B 3A9
|
| Directions | :Division street to Hellems Ave |
| Price | : $1,194,900 |
|---|---|
| Property Taxes | :$14720 |
| Tax Year | :2024 |
|---|
| Place of Worship | :No |
|---|
| Approx Square Footage | :15107 sqft |
|---|
04 Nov, 2024
TREB #40673137
Listed
$1194900
