31
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$549,900
Est. payment /mo
2,512 SqFt
Pending
37-39 First ST Welland, ON L3B 4R8
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
Square Footage 2,512 sqft
Price per Sqft $218
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X12028897
Annual Tax Amount $3,265
Tax Year 2024
Property Sub-Type Investment
Property Description
WELCOME TO 37-39 FIRST ST., WELLAND! Discover this unique side-by-side duplex, originally two semi-detached properties, now in the process of being severed back into two separate parcels! Located in the heart of Welland, this property boasts a prime location near schools, parks, the hospital, recreation facilities, a pharmacy, and the Welland Canal. Each unit offers 3 bedrooms, 1 bathroom, a full basement, and a detached garage/shed. The property is separately metered and fully tenanted, generating a combined rental income of $3,360 per month. Situated on a spacious 100x166 ft lot with favorable INSH zoning, this property offers incredible flexibility. Whether you choose to continue operating it as a duplex, generate steady rental income during the severance process, or plan for a larger future development, the possibilities are endless. With its excellent location, strong rental income, and development potential, this is a rare investment opportunity you won't want to miss. Schedule your viewing today and explore the potential of 37-39 First St.!
Location
Province ON
County Niagara
Community 773 - Lincoln/Crowland
Area Niagara
Zoning INSH
Interior
Cooling No
Inclusions Fridge x2, Stove x2, Washer, Dryer
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Available
Lot Frontage 100.0
Lot Depth 165.85
Listed by COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE