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 # | X13809880 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 52 |
| Listing Provided By | RE/MAX ESCARPMENT REALTY INC. | X13809880 184016 |
| Bed(s) | 7 |
|---|---|
| Bath(s) | 2 |
| Garage | 14 |
| Basement | Y |
| Acreage | 0.20 |
| Interior Features | Separate Hydro Meter, Storage |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
| Roof | Flat |
|---|---|
| Foundation Details | Unknown |
| Construction Materials | Vinyl Siding |
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Available |
| Sewer | Sewer |
|---|
| Tax Annual Amount | 4412 |
|---|---|
| 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 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 On site: 52 low | high Med: 52 | |