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38 Division ST Welland, ON L3B 3Z6
3,400 SqFt
UPDATED:
02/03/2025 05:18 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $147
Subdivision 768 - Welland Downtown
MLS Listing ID X11947206
Annual Tax Amount $4,112
Tax Year 2024
Property Description
Incredible value at this price for a purpose built 4 unit commercial building with 3 residential units fully rented out! This building is operating at a 8.16% Cap rate, fully rented to quality tenants. The main floor is a commercial unit current used as a Salon, 2 years remaining on the lease. The commercial unit has been renovated and looks fantastic, providing some nice curve appeal. The 3 Residential units are very spacious and have limitless potential to any future owner! Unit 2 and 3, both One Bedroom units with high 10+ Foot ceiling however are in need of TLC with long term tenants in place. Unit 1 is a two Bedroom that has been fully redone a year ago and turnkey. This building comes with 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), and much more! The building heat runs on a boiler and radiant heat inside each unit. Many incentives in the downtown core available. Full financial statement and feature sheets attached in the listing.
Location
Province ON
County Niagara
Community 768 - Welland Downtown
Area Niagara
Zoning DMC
Interior
Cooling No
Inclusions 3 fridges, 3 stoves, all ELF and Built in Shelves
Exterior
Utilities Available Available
Lot Frontage 22.82
Lot Depth 126.16
Listed by RE/MAX REAL ESTATE CENTRE INC.
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