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$499,000
Available - For Sale
Listing ID: X8314396
Unique Investment opportunity with this legal Multi-Unit (4) located directly on the Welland River! *VACANT POSSESSION OF ALL 4 UNITS* Possibilities are endless with this 4 unit property consisting of 1 - 3 bedroom unit, 2 - 1 bedroom units, and a Bachelor unit. Separate hydro meters for unit 3 & 4, and shared hydro meter for unit 1 & 2. Walk out Entrance from Lower LeveL Flat Roof replaced in 2013. Heated by efficient boiler system. Building does need extensive work (update interior finishes throughout) to get current market rent values which are estimated at approximately $1800/month + hydro for 3 bed, $1600/month + hydro for each - 2 bedroom units, $750/month + hydro for Bachelor unit giving it a potential total gross rent of $5750/month or $69,000/yr!
Price $499,000
Taxes: $4,533.55
Address: 42 Riverside Dr , Welland, L3C 5E2, Ontario
Lot Size: 45 x 70 (Feet)
Directions/Cross Streets: Wade
Rooms: 14
Bedrooms: 6
Washrooms: 4
Kitchens: 4
Family Room: N
Basement: Full
Unfinished
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 2nd
Property Type: Fourplex
Style: 2-Storey
Exterior: Vinyl Siding
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 6
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 2000-2500
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Radiant
Central Air Conditioning: Wall Unit
Sewers: Sewers
Water: Municipal
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REVEL REALTY INC.

42 Riverside Dr , Welland, L3C 5E2, Ontario

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Fourplex
Area: Niagara
Municipality: Welland
Neighbourhood:
Style: 2-Storey
Lot Size: 45.00 x 70.00(Feet)
Approximate Age: 100+
Tax: $4,533.55
Maintenance Fee: $0
Beds: 6
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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