19
See all 19 photos
$4,500,000
Est. payment /mo
35 Beds
15,000 SqFt
New
951 EAST MAIN ST Welland, ON L3B 3Z2
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $300
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X12196052
Bedrooms 35
Building Age 51-99
Annual Tax Amount $35,401
Tax Year 2024
Property Sub-Type Investment
Property Description
Located just off the 406 and minutes from Niagara College, this well-positioned 18-unit multifamily asset offers a strategic blend of stability andupside potential in one of Niagaras most desirable rental corridors. The building has seen extensive recent improvements including freshlypainted main hallways, new flooring and baseboards (2022), and renovated kitchens, bathrooms, and interiors in the majority of units. A select number of suites remain primed for value-add upgrades and rent optimization. Key operational advantages include separately metered hydro, Coinamatic laundry, tenant storage units, a modern security system, and ample on-site parking all enhancing tenant satisfaction and reducing owner overhead. ?? Investment Highlights: 18 updated residential units Majority of renovations completed Prime rental location near 406 &Niagara College Coin-operated laundry & tenant storage Separate hydro meters & security system Value-add potential with strong rent growth upside This is an excellent opportunity for investors seeking turn-key performance with long-term value growth in a thriving rental market.
Location
Province ON
County Niagara
Community 773 - Lincoln/Crowland
Area Niagara
Rooms
Kitchen 0
Interior
Cooling No
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 108.0
Lot Depth 201.0
Building
Lot Description Irregular Lot
New Construction false
Listed by KELLER WILLIAMS CO-ELEVATION REALTY
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