$399,000 $2,142 est/mo Sourced by Back At You

42 Riverside Drive,Welland, ON L3C 5E2

Welland ON, L3C 5E2

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Description

Unique Investment opportunity with this legal Multi-Unit (4) located directly on the Welland River! *VACANT POSSESSION OF ALL 4 UNITS* Possibilities are endless with this 4 unit property consisting of 1 - 3 bedroom unit, 2 - 1 bedroom units, and a Bachelor unit. Separate hydro meters for unit 3 & 4, and shared hydro meter for unit 1 & 2. Walk out Entrance from Lower LeveL Flat Roof replaced in 2013. Heated by efficient boiler system. Building does need extensive work (update interior finishes throughout) to get current market rent values which are estimated at approximately $1800/month + hydro for 3 bed, $1600/month + hydro for each - 2 bedroom units, $750/month + hydro for Bachelor unit giving it a potential total gross rent of $5750/month or $69,000/yr! The potential of this property alone makes it worth a look to see if the numbers may work for you! Book your showing today!

Details

MLS#40534390
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1918
Days On Site116
Listing Provided ByREVEL Realty Inc., Brokerage | Chad Gale

Features

Bed(s)6
Bath(s)4
SQ Feet2,474
BasementY
Story(s)2
Units4
ZoningRL2
Golf CourseYes
Water FrontYes
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 20 seconds ago
ProvinceON
CountyNiagara
CityWelland
Postal CodeL3C 5E2
AreaWelland
Subarea772 Broadway
Community Name772 Broadway
Listing VS Median (in 772 Broadway)
Price:
$399,000
low | high
Med:
$670,000
17.919799498747% of Average
SqFt:
2,474
low | high
Med:
1,086
100% of Average
$ / SqFt:
$161
low | high
Med:
$617
100% of Average
On Site:
116
low | high
Med:
9.000000
100% of Average
Sourced by Back At You
Listing Updated: May 24, 2024 at 4:31:55 PM PDT