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$ 569,000
Est. payment /mo
Active
202 NIAGARA ST Welland, ON L3C 1J7
4 Baths
4,000 SqFt
UPDATED:
02/04/2025 01:30 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $142
Subdivision 769 - Prince Charles
MLS Listing ID X11934972
Annual Tax Amount $3,128
Tax Year 2024
Property Description
ESTATE SALE. Vacant Legal Triplex Unlimited Potential. This is an exceptional opportunity for investors or owner-occupiers to maximize market rents with a vacant legal triplex. The property features three separate units, each with its own hydro meter, providing flexibility and strong income potential. The main floor unit is a spacious 3-bedroom with access to a full basement, making it an excellent choice for a family or an owner-occupier. The upper units consist of a 1-bedroom and a 2-bedroom apartment, both requiring significant renovations but offering excellent possibilities for rental income. Additional features include an oversized detached brick garage with hydro (30 amp/220 volt), perfect for storage, a workshop, or even additional rental income. The property also boasts a large backyard with a patio, ideal for entertaining & enjoyment, and two driveways, providing ample parking for residents and guests. This setup is perfect for an owner-occupier looking to live in the main unit while collecting rent from the upper units. The property is currently configured for the owner to cover property taxes, gas, and water expenses, with detailed financial information available in the attached spreadsheet. With your vision and effort, you can transform this property into a lucrative investment or a beautiful home. Please note, the property is being sold as is, where is. Don't miss this chance to unlock the potential of this unique offering! Quick Possession Available.
Location
Province ON
County Niagara
Community 769 - Prince Charles
Area Niagara
Rooms
Kitchen 3
Interior
Cooling Yes
Exterior
Garage Spaces 6.0
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 66.0
Lot Depth 99.0
Building
New Construction false
Listed by RE/MAX GARDEN CITY REALTY INC, BROKERAGE
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