$1,369,900 FOR SALE

Investment

Lot: 149 x 186 ftTotal Area: 4,500 ft2
2024 Taxes: $20,055

192 Maple Ave W
Welland, ON L3C 5G5 | Niagara

Prime Investment Opportunity: Sturdy Building with Thriving Businesses and Room for Expansion" Discover a solid investment in this robust building strategically located in a high-traffic area. Originally two lots, it currently hosts two bustling commercial units and three fully occupied residential spaces, offering not just returns but also the potential for growth. At the heart of the commercial scene is the Kavern Bar and Kitchen, a reliable tenant boasting a full kitchen, seating for over 100 patrons, and two basement event centers. It's more than a bar; it's a community focal point that ensures not just income but a touch of local character. Built to endure, this property is ready for action. Fully occupied residential units provide a steady income, while the success of Kavern Bar & Kitchen promises immediate returns for those seeking a solid investment. Ample parking adds convenience for everyone coming through the door. What sets this place apart is its potential for future development. Originally two lots, there's room to expand, renovate, or kickstart new projects. This isn't about ruggedness; it's about offering a canvas for your vision and plans. Adding a touch of practicality, a digital board becomes your versatile billboard, promoting businesses in a straightforward, effective way. It's not about being gritty; it's about visibility and attracting attention from the neighborhood in a way that resonates. This investment isn't about extravagance; it's about reliability. Whether you're after immediate returns or planning for future growth, this building provides a stable foundation for both. Don't miss out on this opportunity.

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Listed By COLDWELL BANKER ADVANTAGE REAL ESTATE
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8482212
Last Updated Jun 26, 2024
Property Summary
Property Type Investment

More like this:
Category Office
PIN 641020250
Occupancy Tenant
Possession Date 60 DAYS PLUS
Taxes (2024) $20,055
Tax Type Annual
Assessment (2024) $457,000
Directions/Cross Streets PRINCE CHARLES/ MAPLE AVE
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
Bathrooms 7
Lot 149 x 186 ft
Total Area 4,500 ft2
Elevator None
Air Conditioning Y
Basement Y
Chattels N
Garage Type None
Parking Spaces 30
Heat Type Gas Forced Air Closd
Financial Statement Y
Outside Storage Y
Sewers Sanitary
Utilities Y
Water Supply Types Shared Well
Water Municipal
Crane N
Survey N
Lot/Bldg/Unit Code Building
Zoning C2
Seller Property Info Statement N

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