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$ 999,900
Est. payment | /mo
8 Beds
4 Baths
3,400 SqFt
$ 999,900
Est. payment | /mo
8 Beds
4 Baths
3,400 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $294
Subdivision 768 - Welland Downtown
MLS® Listing ID 40787457
Bedrooms 8
Property Sub-Type Freehold
Property Description
Legally registered 5-plex (4 active) with former basement unit offering potential for 2 new suites - envision up to 6 units in total ~ OR ~ put up a brand new 32-Unit building! Fantastic opportunity in one of Welland's most promising growth corridors. This well-maintained building sits on an oversized 63' x 190' lot, zoned RL2 & RM, just steps from the Welland Canal, Merritt Island Park, and close to major amenities including Welland Hospital and Niagara College. The property features 4 spacious 2-Bed 1-Bath apts., (each approx. 800 sq.ft) 5 parking spaces, high basement ceiling with a 5th 4-pc bath and potential for 2 additional apartments, and strong long-term value. A planner-commissioned concept sketch (available to serious inquiries) outlines a 32-unit redevelopment vision for the site. The area also presents potential for future land assembly, offering added scale for developers exploring larger residential intensification projects. Ideal for investors, developers, or those seeking a well-located income property with long-term upside. Conceptual plans were prepared by a third party and have not been submitted to the City. Call Now! You Don't Want to Miss this Rare Opportunity! (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat,
Cooling None
Exterior
Parking Features No
Community Features Quiet Area
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://youriguide.com/13_mcmaster_ave_welland_on/
Listed by RE/MAX Escarpment Realty Inc.
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