42 Riverside Drive

42 Riverside Drive
42 Riverside Drive
42 Riverside Drive
+13
6
 bed
4
 bath
6
 parking
2474 - 2474
 sqft
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$499,000
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Size
-
Lot size
292.64 sqm
Street frontage
W
Possession
-
Price per sqm
$2,170
Taxes
$4,533.55 (2023)
Parking Type
-
Style
-
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Description
Unique Investment opportunity with this legal Multi-Unit (4) located directly on the Welland River! *VACANT POSSESSION OF ALL 4 UNITS* Possibilities are endless with this 4 unit property consisting of 1 - 3 bedroom unit, 2 - 1 bedroom units, and a Bachelor unit. Separate hydro meters for unit 3 & 4, and shared hydro meter for unit 1 & 2. Walk out Entrance from Lower LeveL Flat Roof replaced in 2013. Heated by efficient boiler system. Building does need extensive work (update interior finishes throughout) to get current market rent values which are estimated at approximately $1800/month + hydro for 3 bed, $1600/month + hydro for each - 2 bedroom units, $750/month + hydro for Bachelor unit giving it a potential total gross rent of $5750/month or $69,000/yr! The potential of this property alone makes it worth a look to see if the numbers may work for you! Book your showing today!
Broker: REVEL Realty Inc., Brokerage
MLS®#: 40534390
Property details
Parking:
6
Parking type:
-
Property type:
Fourplex
Heating type:
Natural Ga
Style:
-
MLS Size:
230 sqm
Lot front:
13.72 M
Lot depth:
21.34 M
Listed on:
Jan 28, 2024
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64 White Avenue
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603 Lincoln Street
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$999,999
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603 Lincoln Street
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$999,999
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Gabor Hess
Sales Representative
Property.ca Inc., Brokerage
© Property.ca Inc., Brokerage
MLS#: 40534390
Listed by REVEL Realty Inc., Brokerage

About 42 Riverside Drive

42 Riverside Drive is a Welland fourplex for sale right off Wade. This 2474-2474 Squa fourplex was listed at $499000 in January 2024 and has 6 beds and 4 bathrooms.

For groceries there is Pupo's Super Market which is a 3-minute walk.

Getting around the area will require a vehicle, as there are no nearby transit stops.

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