38 Division St

Division St, Market Square, Welland, ON, L3B 3Z6

Beds

Baths

3,400

Sq. Ft.

$699,900

List Price

Quick Summary

Rare purpose-built 4-plex building opportunity
Solid mixed-use building in downtown core
Fully leased with 3 residential units and 1 commercial unit
Commercial unit with long-term lease in place
Spacious and quality-tenanted residential units
Newer roof (2023) and renovated commercial unit
Driveway access with 3-car parking in the rear
Incentives available in the downtown core

Rare purpose built 4 plex building opportunity for purchase in the heart of Welland, downtown with ALMOST 6% cap rate and continuous potential for more! LIVE, WORK & PLAY with this Solid mixed-use building in downtown core, currently fully leased with 3 residential apartments and 1 commercial unit. The main floor is a commercial unit current used as a Salon with a long term lease in place. The 3 Residential units are very spacious and have solid, quality tenants with potential for future large lease increases! Has its own driveway access with 3 car parking in the rear. Many upgrades include a newer Roof (2023) and fully renovated commercial unit and unit 1 (with market rents), newer roof 2023 and more! Many incentives in the downtown core available. Full financial statement and feature sheets attached in the listing. (id:54626)

Property Details

Size

3,400 sq. ft.

across 2 floors

4 Beds

3 Baths

3 Full

Parking

3 Parking Spaces

Lot

Size

276′0″ * 1512′0″

Acres

Build

Year Built

Model Name

Basement

Exterior

Brick

Foundation

Builder Name

Stories

Flooring

Roof

Heating & Cooling

Heating

Radiant heat

Cooling

None

Utilities

Water

Municipal water

Sewer

Municipal sewage system

SHOW LESS

Ownership Details

Ownership

Title

Freehold

Zoning

Source

Listing Brokerage

MLS® Listing

40680317

Brokerage

RE/MAX Real Estate Centre Inc, Brokerage

MLS® Listing

40680317

Last Updated

November 22, 2024

Brokerage

RE/MAX Real Estate Centre Inc, Brokerage

Call us 800-591-0566

Book A Private Showing

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