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$2,299,786
Available - For Sale
Listing ID: X8135810
Attention: Investors and Developers! Located in the Heart of Downtown Welland.This Prime Multi Use Property is Perfect for Investment or Redevelopment. Fantastic Monthly Income with Plenty of Future Potential. This Stand Alone Building has approx 11,160 sf comprising of Retail, Residential and Commercial Units! Including a Thriving Restaurant,3 Residential Rental Apartments and 3 Commercial Units. Parking for Multiple Cars! All Units are Separately Metered! Building has been Recently Extensively Renovated and updated to Include: New Electrical, New Furnace, New A/C(Restaurant), New Sprinklers In Basement, Rental Apartments Fully Renovated, New Paint, Front Flat Roof 2020, Peaked Roof 2016, Back Flat Roof 2015.Possible Future Potential For FULL Redevelopment or Additional Stories. Subject to Municipal Approvals. Seller May be Willing to Offer a VTB. Exposure to Thousands Of Cars Daily and Backing onto the Farmers Market! Seize Your Chance to own a Piece of Downtown Before It's Too Late!
Price $2,299,786
Taxes: $8,200
Tax Type: Annual
Occupancy by: Tenant
Address: 115-117 Division St , Welland, L3B 3Z8, Ontario
Postal Code: L3B 3Z8
Province/State: Ontario
Legal Description: Lt 23 P1 551, S/S Division St ; Welland
Lot Size: 66.17 x 165.52 (Feet)
Directions/Cross Streets: King Street To Division Street
Zoning: DMC-Downtown Mix
Category: Multi-Use
Use: Other
Building Percentage: Y
Total Area: 11,160
Total Area Code:  Sq Ft Divisible
Office/Appartment Area: 2500
Office/Appartment Area Code: Sq Ft
Industrial Area: 5660
Office/Appartment Area Code: Sq Ft
Retail Area: 3000
Retail Area Code: Sq Ft
Approximatly Age: 51-99
Financial Statement: Y
Chattels: Y
Sprinklers: Part
Rail: N
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Part
Elevator Lift: None
Sewers: San+Storm
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX REALTRON REALTY INC.

115-117 Division St , Welland, L3B 3Z8, Ontario


 
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At a Glance:
Type: Com - Commercial/Retail
Area: Niagara
Municipality: Welland
Neighbourhood:
Style:
Lot Size: 66.17 x 165.52(Feet)
Approximate Age: 51-99
Tax: $8,200
Maintenance Fee: $0
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Garage: 0
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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