ON > Welland
Welland, ON L3B 4R9,38-40 First Street
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Welland, ON L3B 4R9,38-40 First Street
Welland, ON L3B 4R9,38-40 First Street
Welland, ON L3B 4R9,38-40 First Street
Welland, ON L3B 4R9,38-40 First Street
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Taylor Brimley

Taylor Brimley

+1(905) 407-8290
$ 879,900
Est. payment /mo
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Active Under Contract

38-40 First Street Welland, ON L3B 4R9

10 Beds

7 Baths

4,038 SqFt

UPDATED:

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

Listed by COLDWELL BANKER ADVANTAGE REAL ESTATE

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agent

Taylor Brimley

Broker | License ID: 4764307

+1(905) 407-8290

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38-40 First Street