Income generating property with development potential! Excellent investment opportunity featuring a beautiful bungalow with 5 existing rentals on main level plus a separate entrance basement apartment. At the rear, a 2470 sqft warehouse, separately metered, with a drive-in door offers additional income potential (120V & 220V). Included are suggestive drawings to build a 6-plex above the warehouse. The property sits on a deep 42' x 210' lot. Versatile, income-producing, and primed for development, a rare find in a growing area of Welland. Existing rental information is provided.
| MLS # | X13809850 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 52 |
| Listing Provided By | RE/MAX ESCARPMENT REALTY INC. | X13809850 184016 |
| Bath(s) | 2 |
|---|---|
| SQ Feet | 8,712 |
| Acreage | 0.20 |
| Community Features | Major Highway, Public Transit |
|---|
| Utilities | Available |
|---|---|
| Sewer | Sanitary Available |
| Tax Annual Amount | 4412 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PT BLK V PL 564, PTS 2 & 4 59R12085; S/T ROW OVER PT 4 59R12085 FOR THE BENEFIT OF PT 3 59R12085 AS IN SN298 ; WELLAND |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3B 3B7 |
| Area | 768 Welland Downtown |
| Listing VS Median (in L3B 3B7) | |
Price: $649,000 low | high Med: $424,000 sqft: 8,712 low | high Med: 9,975 $ / sqft: $74 low | high Med: $46 On site: 52 low | high Med: 52 | |
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3B 3B7 |
| Area | 768 Welland Downtown |
| Listing VS Median (in L3B 3B7) | |
Price: $649,000 low | high Med: $424,000 sqft: 8,712 low | high Med: 9,975 $ / sqft: $74 low | high Med: $46 On site: 52 low | high Med: 52 | |