$1,450,000
Available - For Sale
Listing ID: X13639556
240-242 EAST MAIN Street , Welland, L3B 3W9, Niagara
| 242 East Main Street, Welland - 7-Unit Residential Income Property. Exceptional investor opportunity in the heart of Welland. This income property offers 7 self-contained residential units, ideally positioned for a buyer looking to build or expand their Niagara portfolio. Property generates over $75K net income/year. The unit mix provides strong versatility and broad tenant appeal: 4 x 2-bedroom, 1 x 1-bedroom, and 2 studio suites - catering to singles, couples, and small families alike. Located in Welland, Ontario, a growing rental market with consistent tenant demand driven by Niagara College, healthcare, and manufacturing employment. Easy access to Highway 406 and the broader Niagara Region makes this an attractive option for a wide range of renters. |
| Price | $1,450,000 |
| Taxes: | $4629.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 240-242 EAST MAIN Street , Welland, L3B 3W9, Niagara |
| Postal Code: | L3B 3W9 |
| Province/State: | Niagara |
| Legal Description: | PT LT 8, PL 553 N/S EAST MAIN ST, PT 2, |
| Directions/Cross Streets: | East Main between Ross an River |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 3000.00 |
| Total Area Code: | Square Feet |
| Approximatly Age: | 51-99 |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | No |
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| CENTURY 21 PEOPLE`S CHOICE REALTY INC. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Welland |
| Neighbourhood: | 768 - Welland Downtown |
| Approximate Age: | 51-99 |
| Tax: | $4,629 |
| Fireplace: | N |
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