202 Niagara Street Welland (769 - Prince Charles), Ontario L3C 1J7
$499,000
ESTATE SALE-Offer Presentation Feb 3, 2025, at 6:00pm. Vacant Legal Triplex Unlimited Potential. This is an exceptional opportunity for investors or owner-occupiers to maximize market rents with a vacant legal triplex. The property features three separate units, each with its own hydro meter, providing flexibility and strong income potential. The main floor unit is a spacious 3-bedroom with access to a full basement, making it an excellent choice for a family or an owner-occupier. The upper units consist of a 1-bedroom and a 2-bedroom apartment, both requiring significant renovations but offering excellent possibilities for rental income. Additional features include an oversized detached brick garage with hydro (30 amp/220 volt), perfect for storage, a workshop, or even additional rental income. The property also boasts a large backyard with a patio, ideal for entertaining & enjoyment, and two driveways, providing ample parking for residents and guests. This setup is perfect for an owner-occupier looking to live in the main unit while collecting rent from the upper units. The property is currently configured for the owner to cover property taxes, gas, and water expenses, with detailed financial information available in the attached spreadsheet. With your vision and effort, you can transform this property into a lucrative investment or a beautiful home. Please note, the property is being sold as is, where is. Don't miss this chance to unlock the potential of this unique offering! Quick Possession Available. (id:47351)
Business
| Name | See attached expense statement |
Property Details
| MLS® Number | X11934972 |
| Property Type | Business |
| Community Name | 769 - Prince Charles |
| AmenitiesNearBy | Public Transit, Recreation |
| ParkingSpaceTotal | 6 |
Building
| BathroomTotal | 4 |
| BedroomsTotal | 7 |
| Appliances | Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| SizeInterior | 4000 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit, Recreation |
| SizeDepth | 99 Ft |
| SizeFrontage | 66 Ft |
| SizeIrregular | 66 X 99 Ft |
| SizeTotalText | 66 X 99 Ft |
| ZoningDescription | Rl2 |
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January 22 2025 03:53:27
Niagara Association of REALTORS®
RE/MAX Garden City Realty Inc, Brokerage