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$2,200,000
Available - For Sale
Listing ID: X9414333
Purpose-built solid brick 12-unit apartment complex on a 111 X 208 parcel zoned INSH. lot provides the potential for adding future development on the site. The building is solid with high quality terrazzo floors throughout hallways. lots of areas to substantially improve income . 8x 2 bed units, 3 x 1 bed units, 1 x 3 bed unit. Location will appeal to many tenants with access to ample parking, on-site laundry, public transit, hospital and a variety of amenities all within walking distance. Tremendous opportunity for the long term investor. 2025 Retro Fit Fire System. Approx. $100,000 in upgrades on system and building to update to current code.
Price $2,200,000
Taxes: $20,874
Tax Type: Unknow
Assessment: $630000
Assessment Year: 2023
Occupancy by: Tenant
Address: 131 THIRD Stre , Welland, L3B 4W5, Niagara
Postal Code: L3B 4W5
Fronting On: E
Province/State: Niagara
Legal Description: PT BLK D PL 574 AS IN RO749116 ; S/T RO1
Lot Size: 111 x 208 (Acres)
Directions/Cross Streets: PLYMOUTH TO THIRD ST
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Unknown
Building Percentage: T
Total Area: 15,400
Total Area Code:  Square Feet
Area Influences: Major Highway   Public Transit
Approximatly Age: 51-99
Insurance Expense: $7898
Maintenance: 0
 Heat Expenses: $18086
Other Expenses: $6200
Net Income Before Debt: $92300
Year Expenses: 2024
Expenses Actual/Estimated: $Est
Sprinklers: Unkn
Heat Type: Baseboard
Central Air Conditioning: No
Elevator Lift: False
Sewers: Sanitary+Storm
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX NIAGARA REALTY LTD, BROKERAGE

131 THIRD Stre , Welland, L3B 4W5, Niagara


 
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At a Glance:
Type: Com - Investment
Area: Niagara
Municipality: Welland
Neighbourhood: 773 - Lincoln/Crowland
Style:
Lot Size: 111.00 x 208.00(Acres)
Approximate Age: 51-99
Tax: $20,874
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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