Prime Downtown Location with one of Welland’s most versatile zoning by laws there is (DMC). This solid all brick 4 plex was built in 1927 and was built to last. Located in high traffic area within minute walk to Welland Canal and City Hall, this building offers the possibilities for many future uses including Restaurant, Mixed Commercial/Residential, Medical Office, the permitted uses are endless and the possibilities to expand may also be an option to increase monthly revenue and live and work from your own space rent free. Currently Fully Occupied and features two 2-bedroom units- one 1-Bedroom Unit and one Bachelor Unit. Coin Laundry on site and all tenants pay their own Hydro. Recent upgrades include New Membrane roof 2023,2023 Rents Unit 1 $1100.00, Unit 2 $1250.00, Unit 3 $1700.00, Unit 4 $1700.00. If you’re looking for potential and opportunity, then this might just be the one you have been looking for. Some of the units have been updated to include new floors, kitchens, paint and bathroom. (id:47421)
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Listed By
COLDWELL BANKER ADVANTAGE REAL ESTATE INC, Brokerage
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Detailed Information
Lot
37 x 99 ft
Amenities Nearby
Hospital, Public Transit
Communication Type
High Speed Internet
Community Features
High Traffic Area
Listing Contract Date
2024-03-18
Location Description
NIAGARA ST TO WEST MAIN ST OR KING ST TO DIVSION TO WEST MAIN
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Office
Transaction Type
For sale
Zoning Description
DMC
Building
Basement Type
None
Constructed Date
1955
Construction Material
Concrete block, Concrete Walls
Exterior Finish
Brick, Concrete
Stories Total
2
Size (Exterior)
2700
Utility Water
Municipal water
Utilities
Type
Description
Electricity
Available
Natural Gas
Available
Telephone
Available
Land
Total Size
0 acres
Amenities
Hospital, Public Transit
Sewer
Municipal sewage system
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