$750,000
$129,90038-40 First Street, Welland, ON L3B 4R9
773 - Lincoln/Crowland, Welland,
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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!
- HoldoverDays: 60
- Architectural Style: 2-Storey
- Property Type: Residential Freehold
- Property Sub Type: Multiplex
- DirectionFaces: South
- GarageType: Detached
- Directions: Lincoln St. to King St. to First St.
- Tax Year: 2024
- Parking Features: Street Only
- WashroomsType1: 1
- WashroomsType1Level: Main
- WashroomsType2: 1
- WashroomsType2Level: Main
- WashroomsType3: 1
- WashroomsType3Level: Main
- WashroomsType4: 1
- WashroomsType4Level: Upper
- WashroomsType5: 1
- WashroomsType5Level: Upper
- BedroomsAboveGrade: 7
- BedroomsBelowGrade: 2
- Interior Features: None
- Basement: Full, Finished
- Cooling: None
- HeatSource: Gas
- HeatType: Water
- ConstructionMaterials: Brick
- Roof: Asphalt Shingle
- Pool Features: None
- Sewer: Sewer
- Foundation Details: Concrete Block
- Parcel Number: 641210037
- LotSizeUnits: Feet
- LotDepth: 166.24
- LotWidth: 100.25
- PropertyFeatures: Hospital, Park, Public Transit, Rec./Commun.Centre, School
| School Name | Type | Grades | Catchment | Distance |
|---|---|---|---|---|
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