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38 Division Street, Welland, ON, L3B 3Z6

MLS® # 40680317
new listing
Investment For Sale In Market Square, Welland, Ontario
$699,900
38 Division Street, Welland, ON
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38 Division Street, Welland, ON, L3B 3Z6
$699,900

Property Information:

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.

Inclusions: None,3 Fridges, 3 Stoves, Elf.

Exclusions : Tenant Possessions

Building Features:

  • Floor Space: 3400 Square Feet

Property Features:

  • Bedrooms: 4
  • Acres Range: < 0.5
  • Basement: None
  • Construction Materials: Brick
  • Cooling: None
  • Driveway Parking: Private Drive Triple+ Wide
  • Floor Space (approx): 3400 Square Feet
  • Heating: Radiant
  • Interior Features: Separate Hydro Meters
  • Laundry Features: None
  • Lot Depth: 126.16 Feet
  • Lot Features: City Lot, Library, Rec./Community Centre
  • Lot Frontage: 22.83 Feet
  • Roof: Asphalt
  • Water Source: Municipal
  • Waterfront Features:
  • Zoning: DMC
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 3

Courtesy of: RE/MAX Real Estate Centre Inc, Brokerage

Data provided by: The Oakville, Milton and District Real Estate Board 125 Navy Street, Oakville, Ontario L6J 2Z5
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

Access to Sold Data on this website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of residential real estate.

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Sales/Price History

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Location of 38 Division Street, Welland, ON, L3B 3Z6

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-High

39 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate-High

39 hot days expected in 2050

62/100

Moderate-High

ClimateCheck®

Current data

This property, 38 Division Street , experiences 7 hot days per year at around 30.2 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 39 hot days at 33.9 degrees Celsius.

Projected Avg. Temperature

Past
30.2℃
2050
33.9℃

# Hot Days Per Year

Past
7
2050
39

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 38 Division Street , experiences 11 significant 2-day storms per year, with about 326.4mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 404.6mm of precipitation per year.

Precipitation Per Storm

Past
326.4mm
2050
404.6mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 38 Division Street, Welland, ON, L3B 3Z6

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$75,596.42

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.35 %

High school certificate or equivalent

39.7 %

Apprenticeship trade certificate/diploma

8.22 %

College/non-university certificate

21.75 %

University certificate (below bachelor)

0.27 %

University Degree

11.7 %

Commuter

Travel To Work

By Car

77.88 %

By Public Transit

3.46 %

By Walking

13.03 %

By Bicycle

0.0 %

By Other Methods

5.63 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

52.15 %

Houses

47.85 %

Own Vs. Rent

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