Rare purpose built 4 plex building opportunity for purchase in the heart of Welland, downtown! 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! Many possibilities here. Has its own driveway access and 3 car parking in the rear. Many upgrades include a newer Roof (2023) and fully renovated commercial unit and unit 1 (with market rents). Many incentives in the downtown core available. Full financial statement and feature sheets attached in the listing. (id:4069)
| Address |
38 DIVISION STREET |
| List Price |
$799,999 |
| Property Type |
Multi-family |
| Type of Dwelling |
Multi-Family |
| Area |
Ontario |
| Sub-Area |
Welland (768 Welland Downtown) |
| Floor Area |
3,400 Sq. Ft. |
| Lot Size |
Bldg=22.82 x 126.16 FT Sq. Ft. |
| MLS® Number |
X10408164 |
| Listing Brokerage |
RE/MAX REAL ESTATE CENTRE INC.
|
| Postal Code |
L3B3Z6 |
| Zoning |
DMC |
