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$1,190,000
Est. payment /mo
5 Baths
17,093 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 17,093 sqft
Price per Sqft $69
Subdivision 768 - Welland Downtown
MLS Listing ID X12100314
Building Age 16-30
Annual Tax Amount $15,726
Tax Year 2024
Property Sub-Type Investment
Lot Depth 170.59
Lot Front 100.25
Property Description
Cap Rate 6.4%. Downtown Mixed Use Centre zoned investment property in Welland, Ontario. Property currently offers 4,730 sq ft building with 23 parking spaces, 4 separate hydro meters, 5 bathrooms, 2 kitchens, building is also handicap accessible. Currently site is leased to one tenant with 5 year lease term. Great investment and development site with permission for 8-storey condo development or retirement home.
Location
Province ON
County Niagara
Community 768 - Welland Downtown
Area Niagara
Zoning DMC (DOWNTTOWN MIXED USE CENTRE)
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 100.25
Lot Depth 170.59
Others
Security Features No
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Listed by RE/MAX ABOUTOWNE REALTY CORP.