AMAZING INVESTMENT OPPORTUNITY! This outstanding 2.5 storey, 2169 sqft LEGAL TRIPLEX in the heart of Welland is a unique opportunity as a residential rental of 3 units, purchase and live in one unit and rent out the other two, or take advantage of the DMC zoning (full list of permitted uses in supplements) and create a commercial use property offering business space ranging from a Bed and Breakfast, Office, Store/Sales, Gym, Gallery, Pet Care, Restaurant, Retail, Hotel, Day Care, Community Centre, Church, Group/Retirement Home, Long Term care, Multiple Units for just a partial list! This substantial property has TWO DRIVEWAYS (one on either side of the house) w/parking for up to 15 cars that lead to a large backyard with a TRIPLE CAR GARAGE. The building boats the 1920 original charm seen throughout from the stunning original hardwood flooring to 9 ft ceilings on the main floor, built-in cabinetry throughout, swinging mirrored doors, and built-in kitchen table, seating and storage cubbies in the formal dining room of the main unit. This property contains THREE UNITS: A BACHELOR ON THE MAIN FLOOR + A MAIN FLOOR STUNNER WITH 2 BEDROOMS, LARGE 4 PC BATH, HUGE FOYER, FORMAL DINING ROOM PLUS SEPARATE KITCHEN AND SPRAWLING COVERED FRONT PORCH, + AN UPPER 2 BEDROOM UNIT WITH EXTRA CLOSET SPACE, A COVERED SUNPORCH OFF OF THE LIVING ROOM AND THE SECOND BEDROOM ON THE THIRD FLOOR OFFERING EXTRA PRIVACY. There are TWO SEPARATE HYDRO METERS (one for the main floor units and one for the upper unit). The basement is partially finished with a 4th bathroom and has been finished and used as another bedroom with a large EGRESS WINDOW. The panel is a 200 amp with separate 100 amp and copper wiring. This property awaits your creative finishing and is an excellent investment opportunity! (id:47421)
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Listed By
ROYAL LEPAGE NRC REALTY, COLDWELL BANKER ADVANTAGE REAL ESTATE INC, Brokerage
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Detailed Information
Bedrooms
5
Bathrooms
3
Lot
50 x 126 ft
Amenities Nearby
Public Transit
Features
Paved driveway
Listing Contract Date
2024-09-06
Location Description
EAST MAIN TO DIVISION
Ownership Type
Freehold
# of Parking Spaces
15
Property Type
Multi-family
Structures
Workshop, Porch
Transaction Type
For sale
Zoning Description
dmc
Building
Basement Development
Partially finished
Basement Type
Full (Partially finished)
Constructed Date
1920
Cooling Type
Wall unit
Exterior Finish
Brick, Stucco, Vinyl siding
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2.5
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
under 1/2 acre
Amenities
Public Transit
Fence Type
Partially fenced
Sewer
Municipal sewage system
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