290 Division Street Welland, Ontario L3B 4A4

5 Bedroom 4 Bathroom 2,000 - 2,500 ft2
None Forced Air

$525,000

INCREDIBLE INVESTMENT OPPORTUNITY! This spacious 2.5 storey, 2169 sqft LEGAL TRIPLEX located in the heart of Welland is a rare find! Ideal as a residential rental with three unitslive in one and rent out the other twoor leverage the DMC zoning (full list of permitted uses in supplements) to create a commercial property, including options such as a Bed and Breakfast, Office, Store/Sales, Gym, Gallery, Pet Care, Restaurant, Retail, Hotel, Day Care, Community Centre, Church, Group/Retirement Home, Long Term Care, Multiple Units, and more! The property offers TWO DRIVEWAYS (one on each side) with space for up to 15 vehicles, leading to a TRIPLE CAR GARAGE. Built in 1920, this home retains its original charm with gorgeous hardwood flooring, 9 ft ceilings on the main floor, built-in cabinetry throughout, swinging mirrored doors, and a built-in kitchen table with seating and storage cubbies in the main units formal dining room. The triplex includes: a MAIN FLOOR BACHELOR UNIT, a MAIN FLOOR 2-BEDROOM UNIT featuring a large 4 pc bath, expansive foyer, formal dining room, separate kitchen, and covered front porch, plus an UPPER 2-BEDROOM UNIT with extra closet space, a covered sunporch off the living room, and a private third-floor bedroom. Two separate hydro meters serve the units. The basement is partially finished with a 4th bathroom and has been utilized as an additional bedroom with a large egress window. Electrical is updated with a 200 amp panel, separate 100 amp service, and copper wiring. This property is ready for your finishing touches and represents a phenomenal investment opportunity! NOTE: Property is being sold in an "as is, where is" condition. Seller is related to the listing agent. (id:50886)

Property Details

MLS® Number X12438455
Property Type Multi-family
Community Name 768 - Welland Downtown
Equipment Type Water Heater
Parking Space Total 15
Rental Equipment Type Water Heater

Building

Bathroom Total 4
Bedrooms Above Ground 5
Bedrooms Total 5
Amenities Separate Electricity Meters
Basement Development Partially Finished
Basement Type N/a (partially Finished), Full
Cooling Type None
Exterior Finish Brick, Stucco
Flooring Type Hardwood
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Size Interior 2,000 - 2,500 Ft2
Type Triplex
Utility Water Municipal Water

Parking

Detached Garage
Garage

Land

Acreage No
Size Depth 126 Ft ,4 In
Size Frontage 50 Ft
Size Irregular 50 X 126.4 Ft
Size Total Text 50 X 126.4 Ft
Zoning Description Dmc

Rooms

Level Type Dimensions
Second Level Living Room 3.23 m x 4.04 m
Second Level Bedroom 4.04 m x 3 m
Second Level Kitchen 4.39 m x 3.56 m
Main Level Bedroom 4.11 m x 2.82 m
Main Level Living Room 5.64 m x 3.71 m
Main Level Dining Room 4.14 m x 3.43 m
Main Level Kitchen 3.56 m x 3.02 m
Main Level Primary Bedroom 6.86 m x 3.89 m
Main Level Bedroom 2.54 m x 1.83 m
Main Level Kitchen 2.54 m x 1.83 m
Other Bedroom 4.39 m x 2.29 m

https://www.realtor.ca/real-estate/28937764/290-division-street-welland-welland-downtown-768-welland-downtown

Contact Us

Contact us for more information

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Alessandra Fiorilli
Salesperson

(866) 530-7737

Exp Realty

(866) 530-7737

Veronique Paquette
Salesperson

(866) 530-7737
www.theellegroup.ca/

Exp Realty

(866) 530-7737

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