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35-37 Ontario Road Welland, Ontario L3B 5C1

9 Bedroom 4 Bathroom 8000 sq feet
None Forced Air

$1,099,000

Great investment opportunity! Solid Commercial/Residential building fully rented located in the heart of Welland! 4 Residential Units + Commercial Store on a great lot, with a site plan approved for additional 4 apartments. Potential of adding 4 more apartments to existing structure (1 studio & 3 x 1 Bedroom). Current annual rent is $65,640 (approx.) 4000 sq. ft. per floor. 3 x 2-bedroom & 1 x 3-bedroom apartments. Building renovated in 2016. Roof updated 2017. Close to Welland Canal, Hospital, bus route, shopping and amenities, easy access to HWY. New Homes being built from Empire Homes right across from the building! Several grants are available from the city. This is your chance to invest in one of the fastest-growing areas of Niagara! Plenty of potentials here with large residential & commercial developments in the surrounding area. (id:8119)

Property Details

MLS® Number 40167947
Property Type Multi-family
Amenities Near By Hospital, Public Transit
Parking Space Total 10

Building

Bathroom Total 4
Bedrooms Total 9
Basement Development Unfinished
Basement Type Partial (unfinished)
Cooling Type None
Exterior Finish Brick
Fire Protection None
Fireplace Present No
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 8000
Utility Water Municipal Water

Land

Access Type Highway Access
Acreage No
Land Amenities Hospital, Public Transit
Sewer Municipal Sewage System
Size Depth 165 Ft
Size Frontage 70 Ft
Size Total Text Under 1/2 Acre
Zoning Description Cc2

https://www.realtor.ca/real-estate/23658549/35-37-ontario-road-welland

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