12 East Main Street Welland, Ontario L3B 3W3
$699,990
POSITIVE CASH FLOW OPPORTUNITY with this prime commercial property in the heart of Welland's downtown core. This property has a high-visibility storefront and self-contained residential apartments and promises a robust income stream with an impressive 6%+ cap rate. Conveniently located near Niagara College's Welland campus, public transit, and the scenic boardwalk, it also offers stunning views of the Welland Bridge and Canal. With its high demand area and solid return potential, a total of 3600 sqft with 2 residential units (900sqft each) and 1 large Commercial Storefront unit with 3 offices approximately 1800sqft. This property is a must-see for savvy investors. Act quickly to secure this lucrative opportunity before it’s gone! (id:50886)
Property Details
| MLS® Number | 40643828 |
| Property Type | Other |
| CommunityFeatures | High Traffic Area |
| EquipmentType | Water Heater |
| Features | Visual Exposure |
| ParkingSpaceTotal | 2 |
| RentalEquipmentType | Water Heater |
Building
| BasementType | Partial |
| ExteriorFinish | Brick, Stucco |
| StoriesTotal | 2 |
| SizeExterior | 3600.0000 |
| SizeInterior | 3600 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeDepth | 84 Ft |
| SizeFrontage | 27 Ft |
| SizeTotalText | 1/2 - 1.99 Acres |
| ZoningDescription | Dmc |
https://www.realtor.ca/real-estate/27410941/12-east-main-street-welland
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Parth Patel
Salesperson
8685 Lundy's Lane, Unit 1
Niagara Falls, Ontario L2H 1H5
Parveen Chhabra
Salesperson
8685 Lundy's Lane, Unit 1
Niagara Falls, Ontario L2H 1H5
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September 13 2024 05:24:36
Niagara Association of REALTORS®
Revel Realty Inc., Brokerage