UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 3,900 sqft
Price per Sqft $250
MLS Listing ID 40746082
Abv Grd Liv Area 3,900
Annual Tax Amount $3,806
Property Sub-Type Multi-4 Unit
Source Barrie
Property Description
Once stabilized, the building is projected to generate nearly $100,000 in annual gross income, delivering a strong 7.1% cap rate at asking. Sitting on nearly half an acre of land, the site benefits from rare INSH zoning, which permits development of up to 8 storeys—offering a compelling opportunity for future intensification in a central location.
A rare chance to acquire a cash-flowing asset with immediate upside, generous unit layouts, and significant redevelopment potential in one of Niagara's fastest growing markets.
Location
Province ON
County Niagara
Area Welland
Zoning INSH
Direction NE cornger of King St and Third St
Rooms
Basement Partial, Unfinished
Kitchen 0
Interior
Interior Features None
Heating Baseboard
Cooling None
Fireplace No
Laundry In-Suite
Exterior
Roof Type Asphalt Shing
Lot Frontage 110.57
Lot Depth 130.0
Garage No
Building
Lot Description Hospital, Playground Nearby, Rec./Community Centre, Schools
Faces NE cornger of King St and Third St
Story 2
Sewer Sewer (Municipal)
Water Municipal
Structure Type Stucco
New Construction No
Others
Senior Community No
Tax ID 641210107
Ownership Freehold/None
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Doug Folsetter
Sales Representative | License ID: 4729737
Sales Representative License ID: 4729737