See all 50 photos
50 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$879,900
Est. payment /mo
9 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X11993763
Style 2-Storey
Bedrooms 9
Building Age 100+
Annual Tax Amount $6,422
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Welcome to 38-40 First St., a solid brick 7-unit building offering a fantastic investment opportunity in the heart of Welland. Located in a prime area near new developments, this property is close to a wide range of amenities, including schools, parks, the hospital, recreation facilities, a pharmacy, and the Welland Canal.The building boasts 4,038 square feet of above-grade living space and includes 4 one-bedroom units and 3 two-bedroom units, generating a total annual rental income of $79,511.88. Set on a spacious 100x166 ft lot with favorable INSH zoning, this property also holds significant potential for future development. Don't miss out on this versatile investment - book your showing today!
Location
Province ON
County Niagara
Community 773 - Lincoln/Crowland
Area Niagara
Zoning INSH
Rooms
Family Room No
Basement Full, Finished
Kitchen 7
Separate Den/Office 2
Interior
Interior Features None
Cooling None
Inclusions In as is condition: Washer and Dryer, Stove x 7, Fridge x 7
Exterior
Parking Features Street Only
Pool None
Roof Type Asphalt Shingle
Lot Frontage 100.25
Lot Depth 166.24
Building
Foundation Concrete Block
Read Less Info
Listed by COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE