A unique opportunity in the heart of Welland, it's a gem waiting to be polished! Buy and Hold or develop (a proposed 10-storey 149 unit purpose built apartment building)! Sitting just shy of an acre, this property is nestled within walking distance to parks, public transportation, amenities and critical public infrastructure. The mixed use site offers a multitude of avenues to maintain, stabilize or increase income streams for its future owner. Property is not leased to max capacity providing an opportunity to update/reno suites and bring in tenants at increased rental rates. The proximity to Welland County General Hospital provides an incredible opportunity to take advantage of the mixed use zoning, (INSH) Institutional Services & Health, allowing investors to potentially provide needed commercial services to the public in the area. Lots of upside with this property from multiple angles.
PART BLOCK D, PLAN 574 AS IN RO641442; PART BLOCK D, PLAN 674 AS IN BB38167 WELLAND CITY OF WELLAND.
Occupancy
Tenant
Possession Date
TBD
Taxes (2023)
$26,815.47
Tax Type
Annual
Directions/Cross Streets
Plymouth/Third St
Area
Niagara
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Freestanding
Y
Lot Irregularities
0.710 Acres
Office/Apt Area
12,572 ft2
Total Area
12,572 ft2
Approximate Age
51-99
Elevator
None
Air Conditioning
Y
Basement
N
Garage Type
Outside/Surface
Heat Type
Baseboard
Sprinklers
N
Sewers
San+Storm
Utilities
A
Water
Municipal
Lot/Bldg/Unit Code
Lot
Zoning
INSH
Seller Property Info Statement
N
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