38-40 First Street Save Request In-Person Tour Request Virtual Tour
Welland,ON L3B 4R9
Key Details
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,038 sqft
Price per Sqft $217
MLS Listing ID 40701851
Bedrooms 10
Abv Grd Liv Area 4,038
Originating Board Waterloo Region
Year Built 1907
Annual Tax Amount $6,422
Property Sub-Type Multi-6-9 Unit
Property Description
Welcome to 38-40 First St., a solid brick 7-unit building offering a fantastic investment opportunity in the heart of Welland. Located in a prime area near new developments, this property is close to a wide range of amenities, including schools, parks, the hospital, recreation facilities, a pharmacy, and the Welland Canal.The building boasts 4,038 square feet of above-grade living space and includes 4 one-bedroom units and 3 two-bedroom units, generating a total annual rental income of $79,511.88. Set on a spacious 100x166 ft lot with favorable INSH zoning, this property also holds significant potential for future development. Don't miss out on this versatile investment - book your showing today!
Location
Province ON
County Niagara
Area Welland
Zoning INSH
Direction Lincoln St. to King St. to First St.
Rooms
Basement Full,Finished
Kitchen 0
Interior
Interior Features None
Heating Natural Gas,Radiant
Cooling None
Fireplace No
Laundry Shared
Exterior
Roof Type Asphalt
Lot Frontage 100.25
Lot Depth 166.24
Garage No
Building
Lot Description Hospital,Park,Public Parking,Public Transit,Schools
Faces Lincoln St. to King St. to First St.
Story 2
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Brick
New Construction No
Others
Senior Community false
Tax ID 641210037
Ownership Freehold/None