ON > Welland
Welland, ON L3B 3Z6,38 Division Street
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Max Hahne

Max Hahne

+1(705) 441-5800
Listed by Filip Hajduk • RE/MAX Real Estate Centre Inc, Brokerage
$ 699,900
Est. payment /mo
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38 Division Street Welland, ON L3B 3Z6

4 Beds

3 Baths

3,400 SqFt

UPDATED:

11/22/2024 07:05 PM

Key Details

Property Type Multi-Family

Sub Type Multi-4 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 3,400 sqft

Price per Sqft $205

MLS Listing ID 40680317

Bedrooms 4

Abv Grd Liv Area 3,400

Originating Board Oakville

Annual Tax Amount $4,114

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

Area Welland

Zoning DMC

Direction Main And Niagara

Rooms

Basement None

Kitchen 0

Interior

Interior Features Separate Hydro Meters

Heating Radiant

Cooling None

Fireplace No

Appliance Refrigerator, Stove

Laundry None

Exterior

Waterfront No

Waterfront Description Access to Water

Roof Type Asphalt

Lot Frontage 22.83

Lot Depth 126.16

Garage No

Building

Lot Description City Lot, Library, Rec./Community Centre

Faces Main And Niagara

Story 2

Foundation Block

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 641070022

Ownership Freehold/None

Copyright 2024 Information Technology Systems Ontario, Inc.

Max Hahne

Broker | License ID: 2053955

+1(705) 441-5800

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38 Division Street