38 Division Street Welland (768 - Welland Downtown), Ontario L3B 3Z6
$699,900
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. (id:52603)
Property Details
| MLS® Number | X10442754 |
| Property Type | Business |
| Community Name | 768 - Welland Downtown |
| Amenities Near By | Recreation |
| Equipment Type | Water Heater |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 4 |
| Appliances | Refrigerator, Stove |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Type | Radiant Heat |
| Size Interior | 3400 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Recreation |
| Sewer | Sanitary Sewer |
| Size Depth | 126 Ft ,1 In |
| Size Frontage | 22 Ft ,9 In |
| Size Irregular | Unit=22.83 X 126.16 Ft |
| Size Total Text | Unit=22.83 X 126.16 Ft|under 1/2 Acre |
| Zoning Description | Dmc |
345 Steeles Ave E
Milton, Ontario L9T 3G6
(905) 878-7777
(905) 878-7729
www.remaxcentre.ca/
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
December 11 2024 04:48:29
Oakville, Milton & District Real Estate Board
RE/MAX Real Estate Centre Inc, Brokerage