$650,000
$750,000
13.3%For more information regarding the value of a property, please contact us for a free consultation.
38-40 First ST Welland, ON L3B 4R9
9 Beds
5 Baths
Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X11993763
Style 2-Storey
Bedrooms 9
Building Age 100+
Annual Tax Amount $6,422
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Welcome to 38-40 First St., a solid brick 7-unit building offering a fantastic investment opportunity in the heart of Welland. Located in a prime area near new developments, this property is close to a wide range of amenities, including schools, parks, the hospital, recreation facilities, a pharmacy, and the Welland Canal.The building boasts 4,038 square feet of above-grade living space and includes 4 one-bedroom units and 3 two-bedroom units, generating a total annual rental income of $79,511.88. Set on a spacious 100x166 ft lot with favorable INSH zoning, this property also holds significant potential for future development. Don't miss out on this versatile investment - book your showing today!
Location
Province ON
County Niagara
Community 773 - Lincoln/Crowland
Area Niagara
Zoning INSH
Rooms
Family Room No
Kitchen 7
Interior
Cooling None
Exterior
Parking Features Street Only
Pool None
Roof Type Asphalt Shingle
Building
Foundation Concrete Block
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