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Niagara,ON L3B 3Z6
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $191
MLS Listing ID X11904466
Annual Tax Amount $4,112
Tax Year 2024
Property Description
Rare purpose built 4 plex building opportunity for purchase in the heart of Welland, downtown with ALMOST 6.3% cap rate as currently operated and continuous potential for more! 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, 2 years remaining, beautifully upgraded. The 3 Residential units are very spacious and have solid, quality tenants with potential for future large lease increases! Unit 2 and 3 need work and are long term tenants month to month. Unit 1 is a two Bedroom that has been fully redone and turnkey. This building comes with 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), and much more! Many incentives in the downtown core available. Full financial statement and feature sheets attached in the listing. More pictures available upon request.
Location
Province ON
County Niagara
Area Niagara
Zoning DMC
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 22.82
Lot Depth 126.16
Others
Security Features No