Size
3400 sqft
Lot size
14046 sqft
Street frontage
-
Possession
-
Price per sqft
$338
Taxes
$5,303 (2024)
Parking Type
-
Style
Other
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Description
INCOME PROPERTY WITH SIGNIFICANT DEVELOPMENT & VALUE-ADD POTENTIAL! Fantastic opportunity in one of Welland’s 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. Call Now! You Don’t Want to Miss this Rare Opportunity!
Broker: RE/MAX Escarpment Realty Inc.
MLS®#: 40726395
Property details
Parking:
5
Parking type:
-
Property type:
Multiplex
Heating type:
Natural Ga
Style:
Other
MLS Size:
3400 sqft
Lot front:
63 Ft
Lot depth:
190 Ft
Listed on:
May 8, 2025
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