Welland, ON L3B 4W5,131 Third ST
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Welland, ON L3B 4W5,131 Third ST
Welland, ON L3B 4W5,131 Third ST
Welland, ON L3B 4W5,131 Third ST
Welland, ON L3B 4W5,131 Third ST

$2,000,000

Est. payment /mo

$2,300,000

13.0%
Est.Price: ?

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131 Third ST Welland, ON L3B 4W5

18 Beds

12 Baths

0.5 Acres Lot

SOLD DATE : 05/21/2024

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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Listed by RE/MAX NIAGARA REALTY LTD.
Khoa Le

Khoa Le

Broker

+1(647) 271-5461

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