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Welland,ON L3B 3C8
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 12,572 sqft
Price per Sqft $234
MLS Listing ID X9415364
Bedrooms 28
Annual Tax Amount $26,815
Tax Year 2023
Lot Size 0.500 Acres
Property Description
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.
Location
Province ON
County Niagara
Zoning INSH
Rooms
Basement None
Kitchen 0
Interior
Interior Features Other
Cooling Wall Unit(s)
Inclusions Other
Laundry Shared
Exterior
Garage Spaces 9.0
Pool None
Utilities Available Unknown
Roof Type Asphalt Shingle
Total Parking Spaces 9
Building
Foundation Poured Concrete
New Construction false
Others
Senior Community No
Security Features Unknown