38-40 First ST Active Save Request In-Person Tour Request Virtual Tour
Welland,ON L3B 4R9
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X11993763
Style 2-Storey
Bedrooms 9
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