$979,000

169-173 East Main Street

Welland ON, L3B 3W7

Description

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

Details

MLS#40077200
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site10

Features

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Area Information
ProvinceON
CountyNiagara
CityWelland
Postal CodeL3B 3W7
AreaWelland
Listing VS Median (in L3B 3W7)
Price:
$979,000
low | high
Med:
$979,000
50% of Average
On Site:
10
low | high
Med:
10
100% of Average
Sourced by Back At You
Listing Updated: April 16, 2021 8:00:39 PM PDT
JACQUELINE GAGNON LogoMLS Number: 40077200
Listing Provided By:
JACQUELINE GAGNON  of  D.W. HOWARD REALTY LTD. BROKERAGE
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