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Welland,ON L3B 4X8
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 12,572 sqft
Price per Sqft $167
MLS Listing ID X11578143
Annual Tax Amount $26,815
Tax Year 2023
Property Description
A unique opportunity in the heart of Welland, it's a gem waiting to be polished! Buy and Hold or developed (a proposed 10-storey 149 unit purpose built apartment building)! Sitting just shy of an acre, this property is nestled within walking distance to parks, public transportation, amenities and critical public infrastructure. The mixed use site offers a multitude of avenues to maintain, stabilize, or increase income streams for its future owner. Property is not leased to max capacity providing an opportunity to update/reno suites and bring in tenants at increased rental rates. The proximity to Welland County General Hospital provides an incredible opportunity to take advantage of the mixed use zoning, (INSH) Institutional Services & Health, allowing investors to potentially provide needed commercial services to the public in the area. Lots of upside with this property from multiple angles.
Location
Province ON
County Niagara
Area Niagara
Interior
Cooling Yes
Exterior
Utilities Available Available