Rare purpose built 4 plex building opportunity for purchase in the heart of Welland, downtown with ALMOST 6% cap rate and continuous potential for more! LIVE, WORK & PLAY with this Solid mixed-use building in downtown core, currently fully leased with 3 residential apartments and 1 commercial unit. The main floor is a commercial unit current used as a Salon with a long term lease in place. The 3 Residential units are very spacious and have solid, quality tenants with potential for future large lease increases! Has its own driveway access with 3 car parking in the rear. Many upgrades include a newer Roof (2023) and fully renovated commercial unit and unit 1 (with market rents), newer Roof 2023 and much more! Many incentives in the downtown core available. Full financial statement and feature sheets attached in the listing. (38119936)
Property Type
Multi-family
Building Type
Multi-Family
Land Size
Bldg=22.82 x 126.16 FT
Annual Property Taxes
$4,114.02 (CAD)
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