A pic from exterior of the house or condo, the front or back of building for 38 Division St, Welland Ontario L3B 3Z6
33 days on Market

38 Division St, Welland, Ontario L3B 3Z6

Townhouse
-
3
~3400 sqft
$699,900
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Townhouse
-
3
~3400 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$205/sqft

Est. Mortgage$3,006/mo

Tax Amount (2024)$4,114/yr

Days On Market33 days


Description

Rare purpose built 4 plex building opportunity for purchase in the heart of Welland, downtown with ALMOST 6% cap rate and continuous potential for more! LIVE, WORK & PLAY with this 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. The 3 Residential units are very spacious and have solid, quality tenants with potential for future large lease increases! Has its own 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), newer roof 2023 and more! Many incentives in the downtown core available. Full financial statement and feature sheets attached in the listing.


Property Details

StyleResidential Income
View-
Age of property-
SqFt~3400 SqFt
Lot Size2,880 SqFt(126.16 x 22.83)
Parking Spaces3
MLS ®Number40680317
Community NameMarket Square
Data SourceITSO
Listing byRE/MAX Real Estate Centre Inc, Brokerage

Features

Heating: Radiant

Features

Lot size: 2,880 SqFt
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 3


Property listed by RE/MAX Real Estate Centre Inc, Brokerage, Brokerage
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Population and Demographics

Overview

Total population 3374
Average household income $73,254

Age (%)

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

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%

Schools and amenities

Estimated Budget