1
  • X10442754
  • MLS® Number
  • Property Type
  • Investment, Commercial
  • Acres
  • Land Area
  • 4
  • Bedrooms
  • 3
  • Bathrooms
  • 3400 Sqft
  • Area Size

38 DIVISION Street, Welland, ON L3B 3Z6

  • $699,900

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.

Details

MLS® Number X10442754
4 Bedrooms
3 Bathrooms
Property Size 3400 Sqft
Updated on December 21, 2024 at 2:10 am

Additional details

  • Roof: Asphalt Rolled
  • Utilities: Unknown
  • Sewer: Sewer
  • Cooling: None
  • County: Niagara
  • Property Type: Commercial Sale
  • Parking: Other
  • Community Features: Recreation/Community Centre

Address

  • Address: 38 DIVISION Street
  • City: Welland
  • State/county: ON
  • Zip/Postal Code: L3B 3Z6
  • Country: CA

Contact Information

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