38 DIVISION STREET

Welland (768 - Welland Downtown), Ontario, L3B3Z6, Canada

$699,900

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.

Last updated on : Wednesday 11th of December 2024 11:48:29 AM

ADDRESS

Street : 38 DIVISION STREET

City : Welland (768 - Welland Downtown)

Province : Ontario

Country : Canada

Postal Code : L3B3Z6

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PROPERTY SUMMARY

Property ID : X10442754

Property Type : Business

Bedrooms : 4

Bathrooms : 3

Parking : 3

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