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Welland,ON L3C 5J1
Key Details
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $416
MLS Listing ID 40669651
Bedrooms 8
Abv Grd Liv Area 4,200
Originating Board Hamilton - Burlington
Annual Tax Amount $5,429
Property Description
If you are searching for a multi- residential units building, the time is here. Wonderfully updated and upgraded building comfortably accommodates 8 ONE BEDROOM UNITS. In 2019 the building was stripped to the studs and new plumbing, and electrical were upgraded in compliance with the health and safety standards. Each unit comes with all new; kitchen, living room, bedroom and 3 pc bathroom. The two laundry units are in the basement, one on each side of the building. Each unit has their own hydro meter.
Fully landscaped and well maintained. All units are occupied and have very low vacancy rate. Estimated revenue for 2024 is
$110,232. Located at the closest intersection of Prince Charles Drive and Lincoln Street provides easy access to public transportation, shopping malls, Welland canal. Large residential and commercial developments are in the vicinity.
Either you chose to live in one unit and rent the rest; or have it all rented out the opportunities are great. This is the property that generates income from a day one!
Location
Province ON
County Niagara
Area Welland
Zoning INS1, RM
Direction Prince CHarles to Lincoln Street
Rooms
Basement Walk-Up Access,Partial,Unfinished
Kitchen 0
Interior
Interior Features Separate Heating Controls,Separate Hydro Meters
Heating Electric,Heat Pump
Cooling Wall Unit(s)
Fireplace No
Appliance Hot Water Tank Owned,Dryer,Refrigerator,Stove,Washer
Laundry Shared
Exterior
Waterfront No
Roof Type Asphalt Shing
Lot Frontage 63.0
Lot Depth 118.0
Garage No
Building
Lot Description High Traffic Area
Faces Prince CHarles to Lincoln Street
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 641020239
Ownership Freehold/None