Size
-
Lot size
14046 sqft
Street frontage
-
Possession
Flexible
Price per sqft
$286 - $333
Taxes
$5,571.59 (2025)
Parking Type
-
Style
2-Storey
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Description
Legally registered 5-plex (4 active) with former basement unit offering potential for 2 new suites - envision up to 6 units in total ~ OR ~ put up a brand new 32-Unit building! Fantastic opportunity in one of Welland's most promising growth corridors. This well-maintained 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. 800 sq.ft) 5 parking spaces, high basement ceiling with a 5th 4-pc bath and potential for 2 additional apartments, and strong long-term value. A planner-commissioned concept sketch 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.
Broker: RE/MAX ESCARPMENT REALTY INC.
MLS®#: X12539272
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:
Nov 12, 2025
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Instant estimate:
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$102,984
lower than listed pricei
High
$914,854
Mid
$896,916
Low
$845,702
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