38 DIVISION STREET Active

Welland (768 - Welland Downtown),ON L3B3Z6

$ 699900

4 Beds

3 Baths

3400 SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,400 sqft

Price per Sqft $205

Subdivision 768 - Welland Downtown

MLS Listing ID X10442754

Bedrooms 4

Originating Board The Oakville, Milton & District Real Estate Board

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. (id:24570)

Location

Province ON

Interior

Heating Radiant heat

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 3

Private Pool No

Building

Sewer Sanitary sewer

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