240-242 EAST MAIN Street, Welland, ON L3B 3W9
- $1,399,000
- 3
- BD
- List Price
- $1,399,000
- Price Change
- ▼ $51,000 1788553757
- MLS#
- X13639556
- Status
- ACTIVE
- Type
- Commercial
- SubType
- Investment
- Bedrooms
- 3
- Province
- ON
- Municipality
- Welland
- Area
- Niagara
- Neighborhood
- 768 - Welland Downtown
- Subdivision
- East Main Between Ross An River
Property Description
242 East Main Street, Welland - 7-Unit Residential Income Property. Exceptional investor opportunity in the heart of Welland. This income property offers 7 self-contained residential units, ideally positioned for a buyer looking to build or expand their Niagara portfolio. Property generates over $75K net income/year. The unit mix provides strong versatility and broad tenant appeal: 4 x 2-bedroom, 1 x 1-bedroom, and 2 studio suites - catering to singles, couples, and small families alike. Located in Welland, Ontario, a growing rental market with consistent tenant demand driven by Niagara College, healthcare, and manufacturing employment. Easy access to Highway 406 and the broader Niagara Region makes this an attractive option for a wide range of renters.
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Additional Information
- Taxes
- $4,629
- Heat Type
- Gas Forced Air Closed
- Heat Source
- Gas
- Air Conditioning
- No
- Lot Depth
- 100
- Garage Type
- None
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Listing courtesy of CENTURY 21 PEOPLE`S CHOICE REALTY INC..