$1,749,000

Investment For Sale In West Main, Welland, Ontario

$1,749,000

Property Information:

If you are searching for a multi- residential units building, the time is here. Wonderfully updated and upgraded building comfortably accommodates 8 ONE BEDROOM UNITS. In 2019 the building was stripped to the studs and new plumbing, and electrical were upgraded in compliance with the health and safety standards. Each unit comes with all new; kitchen, living room, bedroom and 3 pc bathroom. The two laundry units are in the basement, one on each side of the building. Each unit has their own hydro meter. Fully landscaped and well maintained. All units are occupied and have very low vacancy rate. Estimated revenue for 2024 is $110,232. Located at the closest intersection of Prince Charles Drive and Lincoln Street provides easy access to public transportation, shopping malls, Welland canal. Large residential and commercial developments are in the vicinity.Either you chose to live in one unit and rent the rest; or have it all rented out the opportunities are great. This is the property that generates income from a day one!

Inclusions: Carbon Monoxide Detector,Hot Water Tank Owned,Smoke Detector,8 Stoves, 8 Refrigerators, 2 Coin Washers, 2 Coin Dryers

Exclusions : None

Building Features:

  • Floor Space: 4200 Square Feet

Property Features:

  • Bedrooms: 8
  • Acres Range: < 0.5
  • Basement: Walk-Up Access, Partial, Unfinished
  • Construction Materials: Vinyl Siding
  • Cooling: Wall Unit(s)
  • Driveway Parking: Outside/Surface/Open
  • Floor Space (approx): 4200 Square Feet
  • Heating: Electric, Heat Pump
  • Interior Features: Separate Heating Controls, Separate Hydro Meters
  • Laundry Features: Shared
  • Lot Depth: 118 Feet
  • Lot Features: High Traffic Area
  • Lot Frontage: 63.00 Feet
  • Roof: Asphalt Shing
  • Security Features: Carbon Monoxide Detector, Smoke Detector
  • Water Source: Municipal
  • Zoning: INS1, RM
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 8

Courtesy of: One Percent Realty Ltd.

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