$2,950,000
FOR SALE

Investment

Total Area: 12,572 ft2
2023 Taxes: $26,815.47

141* Plymouth Rd
Welland, ON L3B 3C8 | Niagara

A unique opportunity in the heart of Welland, it's a gem waiting to be polished! Buy and Hold or develop (a proposed 10-storey 149 unit purpose built apartment building)! Sitting just shy of an acre, this property is nestled within walking distance to parks, public transportation, amenities and critical public infrastructure. The mixed use site offers a multitude of avenues to maintain, stabilize or increase income streams for its future owner. Property is not leased to max capacity providing an opportunity to update/reno suites and bring in tenants at increased rental rates. The proximity to Welland County General Hospital provides an incredible opportunity to take advantage of the mixed use zoning, (INSH) Institutional Services & Health, allowing investors to potentially provide needed commercial services to the public in the area. Lots of upside with this property from multiple angles.
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Listed By COLLIERS
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9351928
Last Updated Oct 11, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 13 to 20 Units
Category Apartment
PIN 641220269
Legal Description PART BLOCK D, PLAN 574 AS IN RO641442; PART BLOCK D, PLAN 674 AS IN BB38167 WELLAND CITY OF WELLAND.
Occupancy Tenant
Possession Date TBD
Taxes (2023) $26,815.47
Tax Type Annual
Directions/Cross Streets Plymouth/Third St
Area Niagara
Price History

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Detailed Information
Freestanding Y
Lot Irregularities 0.710 Acres
Office/Apt Area 12,572 ft2
Total Area 12,572 ft2
Approximate Age 51-99
Elevator None
Air Conditioning Y
Basement N
Garage Type Outside/Surface
Heat Type Baseboard
Sprinklers N
Sewers San+Storm
Utilities A
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning INSH
Seller Property Info Statement N

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