Welland, ON L3B 3B7

$699,000
2
BA

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List Price
$699,000
MLS#
X12918780
Status
ACTIVE
Type
Commercial
SubType
Land
Bathrooms
2
Province
ON
Municipality
Welland
Area
Niagara
Neighborhood
768 - Welland Downtown
Subdivision
Lincoln St/Hellems Ave

Property Description

Income generating property with development potential! Excellent investment opportunity featuring a beautiful bungalow with 5 existing rentals on main level plus a separate entrance basement apartment. At the rear, a 2470 sqft warehouse, separately metered, with a drive-in door offers additional income potential (120V & 220V). Included are suggestive drawings to build a 6-plex above the warehouse. The property sits on a deep 42' x 210' lot. Versatile, income-producing, and primed for development, a rare find in a growing area of Welland. Existing rental information is provided.Can be purchased together with 258 Hellems for 948,900.

Additional Information

Taxes
$4,412
Lot Depth
210

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Listing courtesy of RE/MAX ESCARPMENT REALTY INC..