202 Niagara Street Welland, Ontario L3C 1J7
$569,000
ESTATE SALE. Vacant Legal Triplex Unlimited Potential. This is an exceptional opportunity for investors or owner-occupiers to maximize market rents with a vacant legal triplex. The property features three separate units, each with its own hydro meter, providing flexibility and strong income potential. The main floor unit is a spacious 3-bedroom with access to a full basement, making it an excellent choice for a family or an owner-occupier. The upper units consist of a 1-bedroom and a 2-bedroom apartment, both requiring significant renovations but offering excellent possibilities for rental income. Additional features include an oversized detached brick garage with hydro (30 amp/220 volt), perfect for storage, a workshop, or even additional rental income. The property also boasts a large backyard with a patio, ideal for entertaining & enjoyment, and two driveways, providing ample parking for residents and guests. This setup is perfect for an owner-occupier looking to live in the main unit while collecting rent from the upper units. The property is currently configured for the owner to cover property taxes, gas, and water expenses, with detailed financial information available in the attached spreadsheet. With your vision and effort, you can transform this property into a lucrative investment or a beautiful home. Please note, the property is being sold as is, where is. Don't miss this chance to unlock the potential of this unique offering! Quick Possession Available. (id:50886)
Business
| Name | See attached expense statement |
Property Details
| MLS® Number | X11934972 |
| Property Type | Business |
| Community Name | 769 - Prince Charles |
| Amenities Near By | Public Transit, Recreation |
| Parking Space Total | 6 |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 7 |
| Appliances | Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 4,000 Ft2 |
| Utility Water | Municipal Water |
Parking
| Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Recreation |
| Size Depth | 99 Ft |
| Size Frontage | 66 Ft |
| Size Irregular | 66 X 99 Ft |
| Size Total Text | 66 X 99 Ft |
| Zoning Description | Rl2 |
Contact Us
Contact us for more information
Christine Gazzola
Salesperson
121 Hwy 20 E
Fonthill, Ontario L0S 1E0
(905) 892-9090
(905) 892-0000
www.remax-gc.com/fonthill
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
February 04 2025 02:25:16
Niagara Association of REALTORS®
RE/MAX Garden City Realty Inc, Brokerage