Address
109-111 Division Street Welland, ON
Price
$ 1,588,888
Property Attributes
  • MLS#40111402
  • TypeContingent
  • CountyNIAGARA
  • CityWelland
  • AreaWelland
  • Neighborhood768 - Welland Downtown
  • ZipL3B 3Z8
  • StyleMixed
  • Price$ 1,588,888
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12254
  • Lot Size10,934 SqFt
Listing Provided Courtesy Of:
RE/MAX NIAGARA TEAM ZING REALTY
Data Source:
Ontario Regional - ORTIS
Property Description

Downtown investment opportunity! Located on a downtown corner lot and only steps away from the Welland Market and the Welland Canal, this 12,250sqft building has endless possibilities, including the potential for 12 residential units plus 1 commercial unit. The second floor could have 6 residential units, the main floor could have 5 residential and 1 commercial storefront and the basement could be a 2-bedroom residential unit with egress windows and side access. Furnace system done in 2018 and heats/cools the second floor. Two newer furnaces handle the commercial space and the 1900sqft warehouse area has its own. Two more floors could be added to the back of the building. In the City of Welland, commercial spaces can be converted to 75-85% residential and the rest a commercial storefront. Developer incentive opportunities could include a city fa├žade program for the front and side (corner lot) and freezing property taxes with qualifying improvements. Buyer to complete their own due diligence. Zoning: Downtown Mixed Use-which includes a variety of commercial/residential uses. Must be sold with the building next door (115-117 Division St MLS#40111409).

Price History
5/14/2021 Listed $1,588,888

Interior Features

Basement Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in L3B 3Z8

Price
AVG $2.26M
$1.59M
Visits
AVG 46
24
Year Built
AVG 1931
1931
Walkscore
AVG 52
52
Data Provided by Walkscore ® not using MLS data

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