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Welland,ON L3B3Z6
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $205
Subdivision 768 - Welland Downtown
MLS Listing ID 40680317
Bedrooms 4
Originating Board The Oakville, Milton & District Real Estate Board
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. (id:24570)
Location
Province ON
Interior
Heating Radiant heat
Cooling None
Exterior
Parking Features No
Community Features Community Centre
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold