$999,850

Investment For Sale In Eastdale, Welland, Ontario

$999,850

Property Information:

Calling all savvy investors!! 5-Plex with ability to add more units or use the existing autoshop with hoist!! Entire building has a metal roof so no up-keep needed. Shop can easily be turned into 3 more units at least or can add revenue by renting out as a shop with office space and a two piece bathroom. Current 5 unit apartment building with spacious apartments and mostly renovated throughout. All 6 Hot water heaters are owned and replaced in 2022. Room measurements for all units available upon request. No interior photos of units as per tenants request. Each unit is spacious and offers nice floor plan with high ceilings on main floor. Individually metered units for Hydro, Coin Laundry on Site. All units have own panel box in their units. Building also offers interconnected smoke alarms in common areas. Basement is very large and was waterproofed from the inside fully by Wisecracks 2010, and offers potential for personal use or can add additional storage lockers to tenants for an additional income stream or rent out basement separately for storage and add to the NOI (Net Operating Income). Showings will only be Wednesday from 11 - 7 and Saturday 12 - 5 with listing agent present.

Inclusions: Hot Water Tank Owned,Other,5 Stoves And 5 Fridges In As Is Condition.

Building Features:

  • Floor Space: 6536 Square Feet

Property Features:

  • Bedrooms: 6
  • Acres Range: < 0.5
  • Basement: Full, Unfinished, Sump Pump
  • Construction Materials: Block
  • Cooling: None
  • Driveway Parking: Lane/Alley Parking
  • Floor Space (approx): 6536 Square Feet
  • Heating: Radiant
  • Laundry Features: Coin Operated
  • Lot Depth: 155 Feet
  • Lot Features: Rectangular, Public Transit
  • Lot Frontage: 45.75 Feet
  • Parking Features: Public
  • Roof: Metal
  • Security Features: Security System
  • Water Source: Municipal
  • Zoning: RL2
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 5

Courtesy of: Royal LePage NRC Realty

Data provided by: Niagara Association of REALTORS® 116 Niagara Street, St. Catharines, Ontario L2R 4L4
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