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Home ON St. Catharines - Niagara Welland Market Square
56 HELLEMS AVENUE
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56 HELLEMS AVENUE $1,194,900
21 hours ago
$1,194,900
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56 HELLEMS AVENUE
Welland, Ontario L3B3A9

MLS® Number: X10406615

Listing Description

ATTENTION INVESTORS! Unique Opportunity to buy a building where all of the heavy lifting has been done. The building is currently vacant and the demolition has been started and is ready for you to take this project to the next level! Current approval for 10 residential units on the second floor is in place. Potential for mixed use on the main level, proposed for an additional 6-8 residential units plus a commercial unit. Get started with redevelopment on the second floor while you plan out the main level and set your own rents! Plus a bonus of over 7,500 Sqft of unutilized space in the basement. Perfect project for CMHC Financing with great Cashflow potential, in the heart of Wellands downtown core. This property has a prime corner location with high visibility frontage with public transportation, shopping, dining and entertainment all nearby. (38021885)

Location Description

Division Street

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Land Size
65.49 x 129.09 FT ; 65.49 ft x 129.76 ft x 68.19 ft x 129.09
Annual Property Taxes
$14,720.04
Total Parking Spaces
3
Time on REALTOR.ca
21 hours

Building

Heating & Cooling
Heating Type
Other
Utilities
Water
Municipal water
Business
Business Type
Residential (Apartments)
Neighbourhood Features
Amenities Nearby
Public Transit
Parking
Total Parking Spaces
3

Measurements

Square Footage
15108 sqft

Land

Lot Features
Frontage
65 ft ,5 in
Land Depth
129 ft ,1 in
Other Property Information
Zoning Description
DMC
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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