Address
169-173 EAST MAIN Street Welland, ON
Price
$ 979,000
Property Attributes
  • ML#40077200
  • TypeCommercial
  • CityWelland
  • AreaNiagara
  • NeighbourhoodMarket Square
  • Postal CodeL3B 3W7
  • Style
  • Price$ 979,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Jacqueline Gagnon with D.W. Howard Realty Ltd. Brokerage
Data Source:
RLP - CREA EN
Property Description

Building is currently 3 Apts and 2 commercial units. Current rents total $2800, plus you could receive $1500/month for owners unit therefore current rents $4300. Plans drawn up by engineer and can be provided to add 3 or 4 additional apartments each collecting approx $1000/month, giving you total income of $8300/month once renovations completed and units rented. Each unit pays their own hydro. Possibility to add the four units and then add 4 additional above., buyer to do own due diligence and check with the city on what is permitted. Also may be available are grants from the City to build/renovate these 4 apts in the back., up to $15,000/apartment. Seller can direct to which application grants these are if needed.

General Features

Garage no
Listing Type Commercial
Parking yes
Terms SALE
Wheel Chair Access no
Zoning COM RU 471

Interior Features

Basement Finish Unfinished
Fireplace no

Exterior Features

Lot Frontage 49.00
Pool Y/N no

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in L3B 3W7

Price
AVG $980K
$980K
Visits
AVG 9
14
Walkscore
AVG 51
51
Data Provided by Walkscore ® not using MLS data