42 Riverside Dr

42 Riverside Dr
42 Riverside Dr
42 Riverside Dr
+10
6
 bed
4
 bath
6
 parking
2000 - 2500
 sqft
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$499,000
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Size
-
Lot size
292.64 sqm
Street frontage
E
Possession
60-89 days
Price per sqm
$2,151 - $2,683
Taxes
$4,533.55 (2023)
Parking Type
-
Style
2-Storey
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Description
Unique Investment opportunity with this legal Multi-Unit (4) located directly on the Welland River! *VACANT POSSESSION AFTER APRIL 1/24* 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 work 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, $1000/month + hydro for Bachelor unit giving it a potential total gross rent of $6000/month or $72,000/yr! The potential of this property alone makes it worth a look to see if the numbers may work for you!

EXTRAS:
Broker: REVEL REALTY INC.
MLS®#: X8033618
Property details
Parking:
6
Parking type:
-
Property type:
Fourplex
Heating type:
Radiant
Style:
2-Storey
MLS Size:
186-232 sqm
Lot front:
13.72 M
Lot depth:
21.34 M
Listed on:
Jan 31, 2024
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Gabor Hess
Sales Representative
© Property.ca Inc., Brokerage
MLS#: X8033618
Listed by REVEL REALTY INC.

About 42 Riverside Dr

42 Riverside Dr is a Welland fourplex which was for sale right off Wade. It was listed at $499000 in January 2024 but is no longer available and has been taken off the market (Expired) on 26th of April 2024.. This 2000-2500 sqft fourplex has 6 beds and 4 bathrooms.

Nearby grocery options: Pupo's Super Market is a 3-minute walk. 42 Riverside Dr, Welland is an 8-minute walk from great parks like Chippawa Park and Merritt Island Park.

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