Property Description

Rare purpose built 4 plex building opportunity for purchase in the heart of Welland, downtown with ALMOST 6% cap rate and continuous potential for more! LIVE, WORK & PLAY with this Solid mixed-use building in downtown core, currently fully leased with 3 residential apartments and 1 commercial unit. The main floor is a commercial unit current used as a Salon with a long term lease in place. The 3 Residential units are very spacious and have solid, quality tenants with potential for future large lease increases! Has its own driveway access with 3 car parking in the rear. Many upgrades include a newer Roof (2023) and fully renovated commercial unit and unit 1 (with market rents), newer roof 2023 and more! Many incentives in the downtown core available. Full financial statement and feature sheets attached in the listing.

Features
: Radiant
: None
: N
Address Map
CA
Ontario
Welland
L3B 3Z6
DIVISION
38
0
E0° 0' 0''
N0° 0' 0''
More info
RE/MAX Real Estate Centre Inc, Brokerage
0
2024-11-22 14:23:50.0
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Investment For Sale

38 DIVISION St, Welland, Ontario L3B 3Z6

  • Area: 3,400 Sqft
  • Visits : 1 in 1 days
$699,900
Listing ID#X10442754
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Basic Details
Property Type : Investment
Listing Type : For Sale
Listing ID : X10442754
Price : $699,900
Area : 3,400 Sqft
Year Built : 0
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Firas Al-Rifay
Ontario Real Estate @JDF Realty.LTD Brokerage
Ontario Real Estate @JDF Realty.LTD Brokerage
999 Edgeley Blvd. Units 5-6 Vaughan, Ontario, Canada L4K 4R7
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