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$975,000
Available - For Sale
Listing ID: X12251577
Strategically located beside the hospital in the heart of Welland, this semi-vacant fourplex offers both immediate upside and long-term redevelopment potential. The property features four spacious three-bedroom units, each equipped with separate laundry, making it ideal for end users or tenants seeking functional living space. Two of the units are currently tenanted at or near market rent, while the remaining two are vacant one requiring only minor cosmetic updates and the other ready for a full renovation.Once stabilized, the building is projected to generate nearly $100,000 in annual gross income, delivering a strong 7.1% cap rate at asking. Sitting on nearly half an acre of land, the site benefits from rare INSH zoning, which permits development of up to 8 storeys offering a compelling opportunity for future intensification in a central location.A rare chance to acquire a cash-flowing asset with immediate upside, generous unit layouts, and significant redevelopment potential in one of Niagara's fastest growing markets.
Price $975,000
Taxes: $3,806
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Tenant
Address: 480 King Stre , Welland, L3B 3K7, Niagara
Postal Code: L3B 3K7
Province/State: Niagara
Directions/Cross Streets: King St / Third St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Building Percentage: T
Total Area: 15,823
Total Area Code:  Square Feet
Maintenance: 0
Heat Type: Gas Hot Water
Central Air Conditioning: No
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EXP REALTY

480 King Stre , Welland, L3B 3K7, Niagara


 
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At a Glance:
Type: Com - Investment
Area: Niagara
Municipality: Welland
Neighbourhood: 773 - Lincoln/Crowland
Style:
Lot Size: x 130.00(Feet)
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Tax: $3,806
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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