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$639,000
Est. payment /mo
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision 768 - Welland Downtown
MLS Listing ID X12690258
Style 2-Storey
Bedrooms 8
Annual Tax Amount $4,298
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Four-plex Apt building under power of sale with exceptional redevelopment potential situated on a Oversized lot for the area. The property has received City of Welland approval for a minor variance supporting a 30-unit mid-rise development, consisting of 30 residential units with surface parking in 2023. The existing building currently contains four self-contained units with separate metering available, all of which are vacant. Ideal for Renovator /Investor to renovate all the rental units and lease out at market rents or rebuild. The site is zoned RM - Medium Density Residential which allows develop as mentioned or on a smaller scale. Don't Miss this Opportunity !
Location
Province ON
County Niagara
Area Niagara
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Interior
Interior Features None
Cooling None, Window Unit(s)
Fireplace No
Heat Source Other
Exterior
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Lot Frontage 70.0
Lot Depth 138.0
Total Parking Spaces 5
Building
Building Age 51-99
Foundation Brick, Concrete
New Construction false
Others
ParcelsYN No
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Listed by GIVALAS REAL ESTATE LTD.
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