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38 DIVISION Street Welland

38 DIVISION Street, Welland, Ontario

$699,900

  • 4 Beds
  • 3 Baths
  • 3,400 Square Feet

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:23309)

  • Listing ID: 40680317
  • Property Type: Multi-family

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Details

  • Community Features: Community Centre
  • Equipment: Water Heater
  • Ownership: Freehold
  • Parking Spaces: 3
  • Rental Equipment: Water Heater
  • Transaction: For sale
  • Zoning Description: DMC

Building

  • BasementType: None
  • Cooling: None
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Bathrooms (Total): 3
  • Heating: Radiant heat
  • Size Interior: 3400 sqft
  • Stories Total: 2
  • Type: Fourplex
  • Utility Water: Municipal water

Land

  • Sewer: Municipal sewage system
  • Size Frontage: 23 ft
MLS®

Listing provided by RE/MAX Real Estate Centre Inc, Brokerage
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 38 DIVISION Street in Welland Ontario. It was last modified on November 22nd, 2024. Contact Heather Buchanan Curren to schedule a viewing or to discover other Welland real estate for sale.

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