INCOME PROPERTY WITH SIGNIFICANT DEVELOPMENT & VALUE-ADD POTENTIAL! Fantastic opportunity in one of Welland’s most promising growth corridors. This well-maintained 5-unit building sits on an oversized 63’ x 190’ lot, zoned RL2 & RM, just steps from the Welland Canal, Merritt Island Park, and close to major amenities including Welland Hospital and Niagara College. The property features 4 spacious 2 Bed 1 Bath apts, (each approx. 1000 sq.ft) 5 parking spaces, high basement ceiling with potential for an additional unfinished unit, and strong long-term value. A planner-commissioned concept sketch (available to serious inquiries) outlines a 32-unit redevelopment vision for the site. The area also presents potential for future land assembly, offering added scale for developers exploring larger residential intensification projects. Ideal for investors, developers, or those seeking a well-located income property with long-term upside. Conceptual plans were prepared by a third party and have not been submitted to the City. Call Now! You Don’t Want to Miss this Rare Opportunity! (id:2493)
Property Type:
Multi-family
Common Interest:
Freehold
Total Living Area:
3,400 sq. ft.316 m2
Finished Area Above Grade:
3,400 sq. ft.316 m2
Zoning:
RL2, RM
Taxes:
$5,303 /
-
Community:
768 - Welland Downtown
Exterior Features:
Brick, Vinyl siding
Community Features:
Quiet Area
Bedrooms:
8
Bathrooms:
4.0
Cooling:
None
Fireplace:
No
Foundation:
Block
Heating:
Radiant heat, Natural gas
# Storeys:
2.0
Water:
Municipal water
Sewer:
Municipal sewage system
Basement:
Partially finished, Full
Lot Frontage:
63'19.2 m
Lot Features:
Paved Driveway, Laundry- Coin operated
Total Parking Spaces:
5
View of back of house
View of front of house featuring uncovered parking
View of front of home featuring fence
View of exterior entry with a porch
Foyer entrance with dark tile patterned floors
Stairway featuring radiator heating unit and tile patterned flooring
Stairway featuring tile patterned flooring
Hall with an upstairs landing and dark tile patterned floors
Corridor with light wood-type flooring
Dining room with light wood finished floors and radiator heating unit
Living area featuring track lighting, radiator, and wood finished floors
Kitchen with radiator, a sink, light countertops, decorative backsplash, and light tile patterned floors
Dining area featuring radiator heating unit, wainscoting, and light tile patterned floors
Dining space featuring a wainscoted wall and tile patterned floors
Kitchen featuring stainless steel electric range, wall chimney range hood, a sink, light countertops, and glass insert cabinets
Living area featuring track lighting, attic access, light wood-style flooring, and baseboards
Photo 17 of 29
Office featuring dark wood-type flooring and radiator heating unit
Living room featuring wood finished floors and baseboards
Living room with radiator, hardwood / wood-style flooring, and baseboards
Bedroom featuring radiator heating unit, wood finished floors, and baseboards
Bedroom with hardwood / wood-style floors and baseboards
Bedroom featuring wood finished floors and baseboards
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