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Home ON St. Catharines - Niagara Niagara Region Welland Market Square
290 DIVISION STREET
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290 DIVISION STREET $525,000
$525,000
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290 DIVISION STREET
Welland (Welland Downtown), Ontario L3B4A4

MLS® Number: X12438455
5
Bedrooms
4
Bathrooms
2000 - 2500
Square Feet

Listing Description

INCREDIBLE INVESTMENT OPPORTUNITY! This spacious 2.5 storey, 2169 sqft LEGAL TRIPLEX located in the heart of Welland is a rare find! Ideal as a residential rental with three unitslive in one and rent out the other twoor leverage the DMC zoning (full list of permitted uses in supplements) to create a commercial property, including options such as a Bed and Breakfast, Office, Store/Sales, Gym, Gallery, Pet Care, Restaurant, Retail, Hotel, Day Care, Community Centre, Church, Group/Retirement Home, Long Term Care, Multiple Units, and more! The property offers TWO DRIVEWAYS (one on each side) with space for up to 15 vehicles, leading to a TRIPLE CAR GARAGE. Built in 1920, this home retains its original charm with gorgeous hardwood flooring, 9 ft ceilings on the main floor, built-in cabinetry throughout, swinging mirrored doors, and a built-in kitchen table with seating and storage cubbies in the main units formal dining room. The triplex includes: a MAIN FLOOR BACHELOR UNIT, a MAIN FLOOR 2-BEDROOM UNIT featuring a large 4 pc bath, expansive foyer, formal dining room, separate kitchen, and covered front porch, plus an UPPER 2-BEDROOM UNIT with extra closet space, a covered sunporch off the living room, and a private third-floor bedroom. Two separate hydro meters serve the units. The basement is partially finished with a 4th bathroom and has been utilized as an additional bedroom with a large egress window. Electrical is updated with a 200 amp panel, separate 100 amp service, and copper wiring. This property is ready for your finishing touches and represents a phenomenal investment opportunity! NOTE: Property is being sold in an "as is, where is" condition. Seller is related to the listing agent. (41376219)

Location Description

East Main Street to Division Street

Property Summary

Property Type
Multi-family
Building Type
Triplex
Storeys
2.5
Square Footage
2000 - 2500 sqft
Community Name
768 - Welland Downtown
Land Size
50 x 126.4 FT
Annual Property Taxes
$3,517
Parking Type
Detached Garage, Garage
Time on REALTOR.ca
75 days

Building

Bedrooms
Above Grade
5
Bathrooms
Total
4
Interior Features
Flooring
Hardwood
Basement Type
Partial (Partially finished)
Building Features
Foundation Type
Block
Building Amenities
Separate Electricity Meters
Rental Equipment
Water Heater
Heating & Cooling
Cooling
None
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Stucco
Parking
Parking Type
Detached Garage, Garage
Total Parking Spaces
15

Measurements

Square Footage
2000 - 2500 sqft

Rooms

MetricImperial
Main level
Bedroom
Living room
Dining room
Kitchen
Primary Bedroom
Bedroom
Kitchen
Second level
Living room
Bedroom
Kitchen
Other
Bedroom

Land

Lot Features
Frontage
50 ft
Land Depth
126 ft ,4 in
Other Property Information
Zoning Description
DMC
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