3 unit residential building on main public transit route in Welland. Currently set up for residential, however the CC2 zoning permits many uses including a broad range of commercial. Extensive renovations are required. The foundation appears to be solid, with a high useable basement. New zoning for this area only requires .33 parking spots per unit, provided each unit is under 50 SQ metres (538 SQ FT), which makes this an ideal development site for a teardown and rebuild scenario, or adding on additional new units to intensify the site and increase cashflow and property value. This building is being sold 'AS IS' and 'Where Is'. Seller and listing agent make no representations or warranties. See listing agent for mandatory schedules to be attached to offers. (id:47423)
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Detailed Information
Bedrooms
5
Bathrooms
3
Lot
26 x 132 ft
Amenities Nearby
Hospital, Place of Worship, Public Transit, Schools
Community Features
High Traffic Area, School Bus
Features
Southern exposure, Crushed stone driveway
Listing Contract Date
2024-04-05
Location Description
Queen Elizabeth Wy and ON-406 S to Welland >> E Main St
Ownership Type
Freehold
# of Parking Spaces
3
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
CC2
Building
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Constructed Date
1920
Construction Material
Concrete block, Concrete Walls, Wood frame
Cooling Type
None
Exterior Finish
Brick Veneer, Concrete, Stucco, Wood
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Access Type
Highway access
Amenities
Hospital, Place of Worship, Public Transit, Schools
Fence Type
Partially fenced
Sewer
Municipal sewage system
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