$549,000

Investment For Sale In Market Square, Welland, Ontario

$549,000

Property Information:

AMAZING INVESTMENT OPPORTUNITY! This outstanding 2.5 storey, 2169 sqft LEGAL TRIPLEX in the heart of Welland is a unique opportunity as a residential rental of 3 units, purchase and live in one unit and rent out the other two, or take advantage of the DMC zoning (full list of permitted uses in supplements) and create a commercial use property offering business space ranging from a Bed and Breakfast, Office, Store/Sales, Gym, Gallery, Pet Care, Restaurant, Retail, Hotel, Day Care, Community Centre, Church, Group/Retirement Home, Long Term care, Multiple Units for just a partial list! This substantial property has TWO DRIVEWAYS (one on either side of the house) w/parking for up to 15 cars that lead to a large backyard with a TRIPLE CAR GARAGE. The building boats the 1920 original charm seen throughout from the stunning original hardwood flooring to 9 ft ceilings on the main floor, built-in cabinetry throughout, swinging mirrored doors, and built-in kitchen table, seating and storage cubbies in the formal dining room of the main unit. This property contains THREE UNITS: A BACHELOR ON THE MAIN FLOOR + A MAIN FLOOR STUNNER WITH 2 BEDROOMS, LARGE 4 PC BATH, HUGE FOYER, FORMAL DINING ROOM PLUS SEPARATE KITCHEN AND SPRAWLING COVERED FRONT PORCH, + AN UPPER 2 BEDROOM UNIT WITH EXTRA CLOSET SPACE, A COVERED SUNPORCH OFF OF THE LIVING ROOM AND THE SECOND BEDROOM ON THE THIRD FLOOR OFFERING EXTRA PRIVACY. There are TWO SEPARATE HYDRO METERS (one for the main floor units and one for the upper unit). The basement is partially finished with a 4th bathroom and has been finished and used as another bedroom with a large EGRESS WINDOW. The panel is a 200 amp with separate 100 amp and copper wiring. This property awaits your creative finishing and is an excellent investment opportunity!

Inclusions: Other

Building Features:

  • Floor Space: 2169 Square Feet

Property Features:

  • Bedrooms: 5
  • Acres Range: < 0.5
  • Basement: Full, Partially Finished
  • Built in: 1920
  • Construction Materials: Stucco, Vinyl Siding
  • Cooling: Wall Unit(s)
  • Driveway Parking: Private Drive Single Wide, Private Drive Triple+ Wide
  • Exterior Features: Private Entrance, Separate Hydro Meters
  • Fencing: Fence - Partial
  • Floor Space (approx): 2169 Square Feet
  • Heating: Forced Air, Natural Gas
  • Interior Features: Accessory Apartment, Separate Hydro Meters
  • Laundry Features: Other
  • Lot Depth: 126.42 Feet
  • Lot Features: City Lot, Public Transit
  • Lot Frontage: 50.00 Feet
  • Other Structures: Workshop
  • Parking Features: Detached Garage, Asphalt
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: dmc
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 15

Courtesy of: Royal LePage NRC Realty

Data provided by: Niagara Association of REALTORS® 116 Niagara Street, St. Catharines, Ontario L2R 4L4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved