$699,900
Available - For Sale
Listing ID: X10442754
38 DIVISION St , Welland, L3B 3Z6, Ontario
| 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. |
| Price | $699,900 |
| Taxes: | $4114.02 |
| Assessment: | $291000 |
| Assessment Year: | 2024 |
| Occupancy by: | Tenant |
| Address: | 38 DIVISION St , Welland, L3B 3Z6, Ontario |
| Postal Code: | L3B 3Z6 |
| Province/State: | Ontario |
| Legal Description: | PT LTS 9 ( N/S DIVISION ST ) PL 564 DESI |
| Lot Size: | 22.83 x 126.16 (Feet) |
| Directions/Cross Streets: | Main And Niagara |
| Total Area: | 3400.00 |
| Total Area Code: | Sq Ft |
| Area Influences: | Rec Centre |
| Insurance Expense: | $4273 |
| Heat Expenses: | $1733 |
| Operating Expenses: | $14537 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 3 |
| Heat Type: | Radiant |
| Central Air Conditioning: | None |
| Sewers: | Sewers |
| Water: | Municipal |
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| RE/MAX Real Estate Centre Inc, Brokerage |
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|
Zannatal Ferdoush
Sales Representative
Dir:
647-528-1201
Bus:
647-528-1201
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Welland |
| Neighbourhood: | 768 - Welland Downtown |
| Lot Size: | 22.83 x 126.16(Feet) |
| Tax: | $4,114.02 |
| Baths: | 3 |
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