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Key Details
Sold Price $1,075,000
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Sold
Purchase Type For Sale
Square Footage 15,107 sqft
Price per Sqft $71
MLS Listing ID 40673137
Annual Tax Amount $14,720
Property Sub-Type Mixed,Building and Land
Property Description
ATTENTION INVESTORS! Unique Opportunity to buy a building where all of the heavy lifting has been done. The building is currently vacant and the demolition has been started and is ready for you to take this project to the next level! Current approval for 10 residential units on the second floor is in place. Potential for mixed use on the main level, proposed for an additional 6-8 residential units plus a commercial unit. Get started with redevelopment on the second floor while you plan out the main level and set your own rents! Plus a bonus of over 7,500 Sqft of unutilized space in the basement. Perfect project for CMHC Financing with great Cashflow potential, in the heart of Welland's downtown core. This property has a prime corner location with high visibility frontage with public transportation, shopping, dining and entertainment all nearby.
Location
Province ON
County Niagara
Area Welland
Zoning DMc
Rooms
Kitchen 0
Building
Lot Description City Lot, High Traffic Area
Story 2
Sewer Sewer (Municipal)
Water Municipal
New Construction No
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