Address
115-117 DIVISION Street Welland, ON
Price
$ 1,798,888
Property Attributes
  • ID#40111209
  • TypeCommercial
  • CityWelland
  • AreaNiagara
  • NeighbourhoodMarket Square
  • Postal CodeL3B 3Z8
  • Style
  • Price$ 1,798,888
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Shawn Schertzing with Re/Max Niagara Team Zing Realty
Data Source:
RLP - CREA EN
Property Description

Downtown investment opportunity! Located in the downtown core and only steps away from the Welland Market and the Welland Canal, this 11,160sq ft building (115-117 Division St) has the potential for 3 residential units plus 3 commercial units. The front main level unit has 3150sqft of commercial space, a 4pc bathroom, new furnace and AC. In the back, is an additional 3600 sq ft of commercial/warehouse space currently split into two units (1200sf+2400sf) with a 3pc bathroom. Separate water heater and hydro for units and the building’s electrical was redone. New sprinklers in basement. There are 2 basements and the potential for 2 more floors to be added above the back warehouse building. The front flat roof was replaced in 2020, the peaked roof in 2016 and the back flat roof in 2015. In the City of Welland, commercial spaces can be converted to 75-85% residential and the rest a commercial storefront. Developer incentive opportunities could include a city façade program for the front and freezing property taxes with qualifying improvements. Buyer to complete their own due diligence. Zoning: Downtown Mixed Use-which includes a variety of commercial/residential uses. Must be sold with the building next door on the corner (109-111 Division St MLS#40111402).

General Features

Parking Spaces 8

Exterior Features

Lot Frontage 66.00
Jumpid 15062034
Mls 40111209

Amenities

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

Property vs Commercial Average in L3B 3Z8

Price
AVG $2.26M
$1.8M
Visits
AVG 259
267
Walkscore
AVG 53
53
Data Provided by Walkscore ® not using MLS data