LOADING

169-173 East Main Street Welland, Ontario L3B 3W7

Forced Air

$979,000

Building is currently 3 Apts and 2 commercial units. Current rents total $2800, plus you could receive $1500/month for owners unit therefore current rents $4300. Plans drawn up by engineer and can be provided to add 3 or 4 additional apartments each collecting approx $1000/month, giving you total income of $8300/month once renovations completed and units rented. Each unit pays their own hydro. Possibility to add the four units and then add 4 additional above., buyer to do own due diligence and check with the city on what is permitted. Also may be available are grants from the City to build/renovate these 4 apts in the back., up to $15,000/apartment. Seller can direct to which application grants these are if needed. Seller willing to hold portion in VTB for right buyer and down payment (id:28271)

Property Details

MLS® Number	40077200
Property Type	Other
Amenities Near By	Public Transit
Features	Paved Driveway

Building

Basement Development	Unfinished
Basement Type	Full (unfinished)
Construction Style Attachment	Attached
Fire Protection	Smoke Detectors
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Exterior	7600.0000
Utility Water	Municipal Water, Unknown

Land

Acreage	No
Land Amenities	Public Transit
Sewer	Sanitary Sewer
Size Depth	165 Ft
Size Frontage	49 Ft
Zoning Description	Com Ru 471

Aerial

https://www.realtor.ca/real-estate/23027451/169-173-east-main-street-welland

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Data Provider
Niagara Association of REALTORS®

Listing Office
D.w. Howard Realty Ltd. Brokerage

Listing Updated
April 16 2021 05:53:40