$2,200,000
Available - For Sale
Listing ID: X9414333
131 THIRD Street , Welland, L3B 4W5, Niagara
| 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. 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. 2025 Retro Fit Fire System. Approx. $100,000 in upgrades on system and building to update to current code. |
| Price | $2,200,000 |
| Taxes: | $20874.00 |
| Tax Type: | Unknow |
| Assessment: | $630000 |
| Assessment Year: | 2023 |
| Occupancy: | Tenant |
| Address: | 131 THIRD Street , Welland, L3B 4W5, Niagara |
| Postal Code: | L3B 4W5 |
| Fronting On: | E |
| Province/State: | Niagara |
| Legal Description: | PT BLK D PL 574 AS IN RO749116 ; S/T RO1 |
| Lot Size: | 111.00 x 208.00 (Acres) |
| Directions/Cross Streets: | PLYMOUTH TO THIRD ST |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Category: | Unknown |
| Building Percentage: | T |
| Total Area: | 15400.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | 51-99 |
| Insurance Expense: | $7898 |
| Heat Expenses: | $18086 |
| Other Expenses: | $6200 |
| Net Income Before Debt: | $92300 |
| Year Expenses: | 2024 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | Unkn |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
| Elevator Lift: | False |
| Sewers: | Sanitary+Storm |
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Years
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| RE/MAX NIAGARA REALTY LTD, BROKERAGE |
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Welland |
| Neighbourhood: | 773 - Lincoln/Crowland |
| Lot Size: | 111.00 x 208.00(Acres) |
| Approximate Age: | 51-99 |
| Tax: | $20,874 |
| Fireplace: | N |
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