Home with brick exterior material, street for 290 Division St, Welland Ontario L3B 4A4
2 days on Market

290 Division St, Welland, Ontario L3B 4A4

Townhouse
5
4
~2000-2500 sqft
$525,000
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Townhouse
5
4
~2000-2500 sqft

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Highlights

Property Estimate

Days on market2 days

Estimated valueNot available

Price/Sqft$236/sqft

Monthly cost

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Description

INCREDIBLE INVESTMENT OPPORTUNITY! This spacious 2.5 storey, 2169 sqft LEGAL TRIPLEX located in the heart of Welland is a rare find! Ideal as a residential rental with three unitslive in one and rent out the other twoor leverage the DMC zoning (full list of permitted uses in supplements) to create a commercial property, including options such as a Bed and Breakfast, Office, Store/Sales, Gym, Gallery, Pet Care, Restaurant, Retail, Hotel, Day Care, Community Centre, Church, Group/Retirement Home, Long Term Care, Multiple Units, and more! The property offers TWO DRIVEWAYS (one on each side) with space for up to 15 vehicles, leading to a TRIPLE CAR GARAGE. Built in 1920, this home retains its original charm with gorgeous hardwood flooring, 9 ft ceilings on the main floor, built-in cabinetry throughout, swinging mirrored doors, and a built-in kitchen table with seating and storage cubbies in the main units formal dining room. The triplex includes: a MAIN FLOOR BACHELOR UNIT, a MAIN FLOOR 2-BEDROOM UNIT featuring a large 4 pc bath, expansive foyer, formal dining room, separate kitchen, and covered front porch, plus an UPPER 2-BEDROOM UNIT with extra closet space, a covered sunporch off the living room, and a private third-floor bedroom. Two separate hydro meters serve the units. The basement is partially finished with a 4th bathroom and has been utilized as an additional bedroom with a large egress window. Electrical is updated with a 200 amp panel, separate 100 amp service, and copper wiring. This property is ready for your finishing touches and represents a phenomenal investment opportunity! NOTE: Property is being sold in an "as is, where is" condition. Seller is related to the listing agent.


Property Details

Style2 1/2 Storey
View-
Age of property-
SqFt~2000-2500 SqFt
Lot Size6,321 SqFt(126.42 x 50)
Parking Spaces15
MLS ®NumberX12438455
Community NameMarket Square
Data SourceTRREB
Listing byEXP REALTY

Features

Heating: Forced Air
Basement: Part Fin, Full

Main Floor

Br

4.11 x 2.82

Hardwood Floor

Living

5.64 x 3.71

Dining

4.14 x 3.43

Kitchen

3.56 x 3.02


Features

Lot size: 6,321 SqFt

Parking

Garage spaces 3

Garage type Detached

Other parking spaces 12

Total parking spaces 15


Property listed by EXP REALTY, Brokerage
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Market Data - Market Square

Geo Zone Map ThumbnailMarket Square

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2024

3 days

2023

0 day

New Listings

Past 30 days

1 listing

Compared to

2024

6 listings

2023

1 listing

Units sold

Past 30 days

0 unit

Compared to

2024

2 units

2023

0 unit

Median Sold Price

Past 30 days

$0

Compared to

2024

$658,000


Population and Demographics

Overview

Total population 3374
Average household income $73,254

Age (%)

0 to 19
19%
20 to 34
21%
35 to 49
17%
50 to 64
23%
65 and plus
20%

Household composition (%)

Single person
48%
Single family
46%
Multi person
6%
Multi family
0%

Mother tongue (%)

English
87%
French
7%
Others
3%
English and French
1%
Spanish
1%

House tenancy (%)

Renters
64%
Owners
36%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget