Size
-
Lot size
11970 sqft
Street frontage
-
Possession
Flexible
Price per sqft
$329 - $383
Taxes
$5,303 (2024)
Parking Type
-
Style
2-Storey
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Description
INCOME PROPERTY WITH SIGNIFICANT DEVELOPMENT & VALUE-ADD POTENTIAL! Fantastic opportunity in one of Wellands most promising growth corridors. This well-maintained 5-unit building sits on an oversized 63 x 190 lot, zoned RL2 & RM, just steps from the Welland Canal, Merritt Island Park, and close to major amenities including Welland Hospital and Niagara College. The property features 4 spacious 2 Bed 1 Bath apts, (each approx. 1000 sq.ft) 5 parking spaces, high basement ceiling with potential for an additional unfinished unit, and strong long-term value. A planner-commissioned concept sketch (available to serious inquiries) outlines a 32-unit redevelopment vision for the site. The area also presents potential for future land assembly, offering added scale for developers exploring larger residential intensification projects. Ideal for investors, developers, or those seeking a well-located income property with long-term upside. Conceptual plans were prepared by a third party and have not been submitted to the City. Buyer to conduct their own due diligence.
Broker: RE/MAX ESCARPMENT REALTY INC.
MLS®#: X12135582
Property details
Parking:
5
Parking type:
-
Property type:
Multiplex
Heating type:
Radiant
Style:
2-Storey
MLS Size:
3000-3500 sqft
Lot front:
63 Ft
Lot depth:
190 Ft
Listed on:
May 8, 2025
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Instant estimate:
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$105,331
lower than listed pricei
High
$1,065,562
Mid
$1,044,669
Low
$985,018
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1/40
$1,149,900
67 days
4BD
3BA
2 Parking
3,000-3,500 sqft
MLS#: X12125745
ROYAL LEPAGE NRC REALTY
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