STUNNING WELLAND FOURPLEX WITH EXCELLENT RENTAL POTENTIAL - PERFECT INVESTMENT OPPORTUNITY
Asking Price: $999,000
About 79 West Main Street:
Welcome to this stunning fourplex in the charming city of Welland, Ontario. Located in the desirable subdivision of 771-Broadway, this property is perfect for investors looking for a multi-family home with excellent rental potential.
Built in 1955, this two-storey building boasts a total of 2700 square feet of living space, and sits on a well-sized lot of 0.5 acres. The property is freehold, meaning that the new owners will have complete ownership of both the land and the building.
This fourplex is made up of four units, each with their own private entrance. The units are spacious, bright and airy, with large windows that let in plenty of natural light. Each unit has a total of one bathroom, making it perfect for smaller families or individuals.
The interior of the units is beautifully designed, with modern finishes that make them feel like a home away from home. The appliances included in each unit are a water meter, which means that the tenants will only pay for the water they use. There is also a window air conditioner in each unit that provides cooling during hot summer months. The heating system is radiant heat and is powered by natural gas.
The exterior of the building is equally impressive, with a brick and concrete finish that gives it a sleek, modern look. The building is also equipped with smoke detectors, ensuring the safety of the tenants at all times. The parking area offers enough space for eight vehicles, making it easy for tenants to park their cars.
One of the best things about this property is the location. The community is vibrant, with plenty of amenities nearby, including hospitals, parks, places of worship, public transit, and shopping centers. The high traffic area also means that there is a constant demand for rental properties, making it an excellent investment opportunity.
The lot size of this property is 37 feet wide and 99 feet deep, offering plenty of outdoor space for tenants to enjoy. The property is also situated near a highway, providing easy access to nearby cities and towns.
Overall, this is an excellent investment opportunity for those looking for a multi-family property in the heart of Welland. The fourplex is well-maintained and move-in ready, making it an excellent investment for anyone looking to generate a passive income stream. The property is zoned as DMC, which allows for multiple uses, including commercial and residential. Don't miss out on this fantastic opportunity to invest in one of Canada's most thriving real estate markets!
This property also matches your preferences:
Features of Property
Multi-family
Fourplex
2
2700
771 - Broadway
Freehold
0|under 1/2 acre
1955
Visitor Parking
This property might also be to your liking:
Features of Building
4
Water meter
None
Park/reserve
Concrete block, Concrete Walls
Smoke Detectors
2700
None, Water Heater
4
Window air conditioner
Radiant heat, (Natural gas)
Sanitary sewer
Municipal water, Unknown
Brick, Concrete
High Traffic Area
Hospital, Park, Place of Worship, Public Transit, Shopping
Visitor Parking
8
Plot Details
37 ft
99 ft
Highway Nearby
DMC
Property Agent
ALAIN RABY
COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERA
800 NIAGARA STREET, WELLAND, Ontario L3C7L7