Address
109-111 DIVISION Street Welland, ON
Price
$ 1,588,888
Property Attributes
  • ID#40145176
  • TypeCommercial
  • CountyNIAGARA ASSOCIATION OF REALTORS
  • CityWelland
  • ZipL3B 3Z8
  • Style
  • Price$ 1,588,888
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Lot Size10,934 SqFt
Listing Provided Courtesy Of:
RE/MAX NIAGARA TEAM ZING REALTY INC.
Data Source:
Canadian Real Estate Association
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 faade 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#40145177). (id:7434)

General Features

Ammenities Hospital, Park, Place of Worship, Public Transit, Schools, Shopping
Building Cooling Type Central air conditioning
Features Corner Site, Park/reserve, Paved driveway
Location Description King St to Division St, on the corner of Cross St.
More Information Link https://www.realtor.ca/real-estate/23469506/109-111-division-street-welland
Ownership Type Freehold
Property Type Office
Zoning Description DMC-Downtown Mixed Use

Interior Features

Basement Development Unfinished
Basement Type Partial (Unfinished)
Building Fireplace Present False
Building Heating Type Forced air
Construction Style Attachment Detached
Flooring Type Concrete

Exterior Features

Exterior Finish Brick
Land Amenities Hospital, Park, Place of Worship, Public Transit, Schools, Shopping
Parking Space Total 15
Sewer Municipal sewage system

Amenities

  • Views
  • 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 Commercial Average in L3B 3Z8

Price
AVG $1.59M
$1.59M
Visits
AVG 219
12
Year Built
AVG 1931
1931
Walkscore
AVG 52
52
Data Provided by Walkscore ® not using MLS data