$499,000
Available - For Sale
Listing ID: X8314396
42 Riverside Dr , Welland, L3C 5E2, Ontario
| Unique Investment opportunity with this legal Multi-Unit (4) located directly on the Welland River! *VACANT POSSESSION OF ALL 4 UNITS* Possibilities are endless with this 4 unit property consisting of 1 - 3 bedroom unit, 2 - 1 bedroom units, and a Bachelor unit. Separate hydro meters for unit 3 & 4, and shared hydro meter for unit 1 & 2. Walk out Entrance from Lower LeveL Flat Roof replaced in 2013. Heated by efficient boiler system. Building does need extensive work (update interior finishes throughout) to get current market rent values which are estimated at approximately $1800/month + hydro for 3 bed, $1600/month + hydro for each - 2 bedroom units, $750/month + hydro for Bachelor unit giving it a potential total gross rent of $5750/month or $69,000/yr! |
| Price | $499,000 |
| Taxes: | $4533.55 |
| Address: | 42 Riverside Dr , Welland, L3C 5E2, Ontario |
| Lot Size: | 45.00 x 70.00 (Feet) |
| Directions/Cross Streets: | Wade |
| Rooms: | 14 |
| Bedrooms: | 6 |
| Bedrooms +: | |
| Kitchens: | 4 |
| Family Room: | N |
| Basement: | Full, Unfinished |
| Approximatly Age: | 100+ |
| Property Type: | Fourplex |
| Style: | 2-Storey |
| Exterior: | Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 6 |
| Pool: | None |
| Approximatly Age: | 100+ |
| Approximatly Square Footage: | 2000-2500 |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Radiant |
| Central Air Conditioning: | Wall Unit |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| REVEL REALTY INC. |
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Niagara |
| Municipality: | Welland |
| Style: | 2-Storey |
| Lot Size: | 45.00 x 70.00(Feet) |
| Approximate Age: | 100+ |
| Tax: | $4,533.55 |
| Beds: | 6 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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