Four-plex Apt building under power of sale with exceptional redevelopment potential situated on a Oversized lot for the area. The property has received City of Welland approval for a minor variance supporting a 30-unit mid-rise development, consisting of 30 residential units with surface parking in 2023. The existing building currently contains four self-contained units with separate metering available, all of which are vacant. Ideal for Renovator /Investor to renovate all the rental units and lease out at market rents or rebuild. The site is zoned RM - Medium Density Residential which allows develop as mentioned or on a smaller scale. Don't Miss this Opportunity ! (id:47421)
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Detailed Information
Bedrooms
7
Bathrooms
4
Lot
70 x 138 ft
Listing Contract Date
2026-01-13
Location Description
Cross Streets: Burgar St. ** Directions: Asher & Burgar.
# of Parking Spaces
5
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
RM, RL2
Building
Age
51 to 99 years
Basement Development
Unfinished
Basement Type
N/A (Unfinished)
Cooling Type
None, Window air conditioner
Exterior Finish
Aluminum siding
Foundation Type
Brick, Concrete
Heating Type
Other
Stories Total
2
Type
Other
Utility Water
Municipal water
Parking Spaces
Name
Spaces
No Garage
Utilities
Type
Description
Cable
Available
Electricity
Available
Sewer
Installed
Land
Total Size
70 x 138 FT | under 1/2 acre
Sewer
Sanitary sewer
Size of Irregular Land
70 x 138 FT
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