131 Third Street Welland, Ontario L3B 4W5
$2,200,000
Purpose-built solid brick 12-unit apartment complex on a 111 X 208 parcel zoned INSH. lot provides the potential for adding future development on the site. The building is solid with high quality terrazzo floors throughout hallways. lots of areas to substantially improve income . 8x 2 bed units, 3 x 1 bed units, 1 x 3 bed unit. Location will appeal to many tenants with access to ample parking, on-site laundry, public transit, hospital and a variety of amenities all within walking distance. Tremendous opportunity for the long term investor. 2025 Retro Fit Fire System. Approx. $100,000 in upgrades on system and building to update to current code. (id:47351)
Property Details
| MLS® Number | X9414333 |
| Property Type | Business |
| Community Name | 773 - Lincoln/Crowland |
| Amenities Near By | Highway, Public Transit, Hospital |
| Features | Lighting, Laundry- Coin Operated |
| Parking Space Total | 15 |
Building
| Bedrooms Total | 22 |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Size Interior | 15,400 Ft2 |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit, Hospital |
| Size Frontage | 111 Ft |
| Size Irregular | Unit=111 X 208 Acre |
| Size Total Text | Unit=111 X 208 Acre |
| Zoning Description | Insh |
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January 28 2025 03:14:52
Niagara Association of REALTORS®
RE/MAX Niagara Realty Ltd, Brokerage