290 DIVISION STREET, Welland, Ontario, L3B 4A4

$525,000

MLS® # X12438455

Investment For Sale In Market Square, Welland, Ontario

$525,000

Property Information:

INCREDIBLE INVESTMENT OPPORTUNITY! This spacious 2.5 storey, 2169 sqft LEGAL TRIPLEX located in the heart of Welland is a rare find! Ideal as a residential rental with three unitslive in one and rent out the other twoor leverage the DMC zoning (full list of permitted uses in supplements) to create a commercial property, including options such as a Bed and Breakfast, Office, Store/Sales, Gym, Gallery, Pet Care, Restaurant, Retail, Hotel, Day Care, Community Centre, Church, Group/Retirement Home, Long Term Care, Multiple Units, and more! The property offers TWO DRIVEWAYS (one on each side) with space for up to 15 vehicles, leading to a TRIPLE CAR GARAGE. Built in 1920, this home retains its original charm with gorgeous hardwood flooring, 9 ft ceilings on the main floor, built-in cabinetry throughout, swinging mirrored doors, and a built-in kitchen table with seating and storage cubbies in the main units formal dining room. The triplex includes: a MAIN FLOOR BACHELOR UNIT, a MAIN FLOOR 2-BEDROOM UNIT featuring a large 4 pc bath, expansive foyer, formal dining room, separate kitchen, and covered front porch, plus an UPPER 2-BEDROOM UNIT with extra closet space, a covered sunporch off the living room, and a private third-floor bedroom. Two separate hydro meters serve the units. The basement is partially finished with a 4th bathroom and has been utilized as an additional bedroom with a large egress window. Electrical is updated with a 200 amp panel, separate 100 amp service, and copper wiring. This property is ready for your finishing touches and represents a phenomenal investment opportunity! NOTE: Property is being sold in an "as is, where is" condition. Seller is related to the listing agent. (id:27)

Building Features:

  • Style: Triplex
  • Building Type: Triplex
  • Amenities: Separate Hydro Meters
  • Basement Development: Partially finished
  • Basement Type: Partial
  • Exterior Finish: Brick, Stucco
  • Floor Space: 2000 - 2500 sqft
  • Flooring Type: Hardwood
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5
  • Bathrooms: 4
  • Floor Space (approx): 2000 - 2500 Square Feet
  • Irregular: Yes
  • Lot Depth: 126.3 Feet
  • Lot Frontage: 50.0 Feet
  • Lot Size: 50 x 126.4 FT
  • Zoning: DMC
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 15

Rooms:

  • Living 2nd Level 3.23 m x 4.04 m
  • Bedroom 2nd Level 4.04 m x 3.00 m
  • Kitchen 2nd Level 4.39 m x 3.56 m
  • Bedroom Main Level 4.11 m x 2.82 m
  • Living Main Level 5.64 m x 3.71 m
  • Dining Main Level 4.14 m x 3.43 m
  • Kitchen Main Level 3.56 m x 3.02 m
  • Primary Bedroom Main Level 6.86 m x 3.89 m
  • Bedroom Main Level 2.54 m x 1.83 m
  • Kitchen Main Level 2.54 m x 1.83 m
  • Bedroom 4.39 m x 2.29 m

Courtesy of: EXP REALTY

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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