$2,000,000
$2,300,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
131 Third ST Welland, ON L3B 4W5
18 Beds
12 Baths
0.5 Acres Lot
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 5000 +
MLS Listing ID X7283128
Sold Date 05/21/24
Style 3-Storey
Bedrooms 18
Annual Tax Amount $20,874
Tax Year 2022
Lot Size 0.500 Acres
Property Sub-Type Multiplex
Property Description
Purpose-built solid brick 12-unit apartment complex on a 111 X 208 parcel zoned INSH. lot provides the potential for adding future development on the site. The building is solid with high quality terrazzo floors throughout hallways. lots of areas to substantially improve income . 8x 2 bed units, 3 x 1 bed units, 1 x 3 bed unit. Total of 22 Bedrooms, and 12 Kitchens in the Complex. Location will appeal to many tenants with access to ample parking, on-site laundry, public transit, hospital and a variety of amenities all within walking distance. Tremendous opportunity for the long term investor.
Location
Province ON
County Niagara
Area Niagara
Rooms
Family Room Yes
Basement Finished, Full
Kitchen 12
Separate Den/Office 9
Interior
Cooling None
Exterior
Parking Features Available
Garage Spaces 1.0
Pool None
Lot Frontage 111.0
Lot Depth 208.0
Total Parking Spaces 16
Building
Building Age 51-99
Others
ParcelsYN No
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