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109-111 Division Street, Welland

| For sale

$1,588,888
  


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15
 

Parking

0.251 ac|under 1/2 acre
Freehold

Listed 

56 days ago
 
Description

Downtown investment opportunity! Located on a downtown corner lot and only steps away from the Welland Market and the Welland Canal, this 12,250sqft building has endless possibilities, including the potential for 12 residential units plus 1 commercial unit. The second floor could have 6 residential units, the main floor could have 5 residential and 1 commercial storefront and the basement could be a 2-bedroom residential unit with egress windows and side access. Furnace system done in 2018 and heats/cools the second floor. Two newer furnaces handle the commercial space and the 1900sqft warehouse area has its own. Two more floors could be added to the back of the building. In the City of Welland, commercial spaces can be converted to 75-85% residential and the rest a commercial storefront. Developer incentive opportunities could include a city façade program for the front and side (corner lot) and freezing property taxes with qualifying improvements. Buyer to complete their own due diligence. Zoning: Downtown Mixed Use-which includes a variety of commercial/residential uses. Must be sold with the building next door (115-117 Division St MLS#40145177). (id:44040)

Property Details

Exterior features

Year Built

1931

Total Size

0.251 ac|under 1/2 acre

Access Type

Road access

Frontage

66 ft

Depth

165 ft
Interior features

Floors Type

Concrete

Fireplace

False

Basement

Partial (Unfinished)

Basement Status

Unfinished

Heat Type

Forced air

Air Conditioning

Central air conditioning
Amenities

Features

Corner Site, Park/reserve, Paved driveway
Listing Information

Listed By

RE/MAX NIAGARA TEAM ZING REALTY INC.

MLS®

40145176

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109-111 Division Street, Welland

| For sale

$1,588,888
  


Have a question?

Email us your inquiries  

109-111 DIVISION Street, Welland

This Commercial property located at 109-111 DIVISION Street, Welland is approximately 0.251 ac|under 1/2 acre in area. This located in the neighbourhood of Welland city has a Freehold ownership status and is currently on sale for $1,588,888 canadian dollars. This property MLS#: 40145176 has been live on our site for 56 day(s).

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The listing data above is provided under copyright by the Canadian Real Estate Association. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association or Dale Mundi.
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