$ 699,900
38 DIVISION ST Welland, ON L3B 3Z6
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 699,900
Est. payment /mo
New
38 DIVISION ST Welland, ON L3B 3Z6
3 Baths
3,400 SqFt
UPDATED:
11/22/2024 07:23 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $205
MLS Listing ID X10442754
Annual Tax Amount $4,114
Tax Year 2024
Property Description
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.
Location
Province ON
County Niagara
Community Recreation/Community Centre
Area 768 - Welland Downtown
Rooms
Basement None
Kitchen 0
Interior
Cooling None
Fireplace No
Exterior
Garage Other
Garage Spaces 3.0
Pool None
Community Features Recreation/Community Centre
Utilities Available Unknown
Waterfront No
Roof Type Asphalt Rolled
Total Parking Spaces 3
Building
Foundation Block
New Construction false
Others
Security Features Unknown
Listed by RE/MAX Real Estate Centre Inc, Brokerage
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