366 Crowland Avenue, Welland, ON L3B 1X7

$799,900

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List Price
$799,900
MLS#
X13726648
Status
ACTIVE
Type
Commercial
SubType
Investment
Province
ON
Municipality
Welland
Area
Niagara
Neighborhood
773 - Lincoln/Crowland
Subdivision
Lincoln & Crowland

Property Description

All-brick 2-storey multi-residential building in the heart of Welland! This solid investment property features four fully finished 2-bedroom, 1-bathroom units, plus a full basement with two additional units that are approximately 75% complete. With proper city approvals and permits, the building can be completed as a legal 6-unit property, offering excellent value-add potential. Major updates have already been taken care of, including a brand-new tankless boiler system, upgraded main electrical wiring, and a full sprinkler system with alarm. A recent fire inspection and approved fire plan ensure compliance with current safety standards and reduce future risk. A detached double garage provides the option for additional income or secure storage. Located near schools, shopping, and public transit, this is the perfect opportunity for investors seeking both strong rental income and future growth potential in a desirable area of Welland.

Additional Information

Taxes
$4,815
Heat Type
Gas Forced Air Closed
Air Conditioning
Yes
Lot Depth
119
Garage Type
Double Detached

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Calculator source: Real Geeks

Listing courtesy of COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE.