115-117 Division Street, Welland

| For sale

$1,398,888
  


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8
 

Parking

0.251 ac|under 1/2 acre
Freehold

Listed 

56 days ago
 
Description

Downtown investment opportunity! Located in the downtown core with maximum exposure to the main thoroughfare and only steps away from the Welland Market and the Welland Canal, this 11,160sq ft building (115-117 Division St) has the potential for 3 residential units plus 3 commercial units. The front main level unit has 3150sqft of commercial space, a 4pc bathroom, new furnace and AC. In the back, is an additional 3600 sq ft of commercial/warehouse space currently split into two units (1200sf+2400sf) with a 3pc bathroom. Separate water heater and hydro for units and the building?s electrical was redone. New sprinklers in basement. There are 2 basements and the potential for 2 more floors to be added above the back warehouse building. The front flat roof was replaced in 2020, the peaked roof in 2016 and the back flat roof in 2015. 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 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 on the corner (109-111 Division St MLS#40145176). (id:44040)

Property Details

Exterior features

Total Size

0.251 ac|under 1/2 acre

Access Type

Road access

Frontage

66 ft

Depth

160 ft
Interior features

Fireplace

False

Basement

Partial (Unfinished)

Basement Status

Unfinished

Heat Type

Forced air, Hot water radiator heat, Radiator, Steam radiator

Air Conditioning

Central air conditioning
Amenities

Features

Park/reserve, Paved driveway
Listing Information

Listed By

RE/MAX NIAGARA TEAM ZING REALTY INC.

MLS®

40145177

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115-117 Division Street, Welland

| For sale

$1,398,888
  


Have a question?

Email us your inquiries  

115-117 DIVISION Street, Welland

This Commercial property located at 115-117 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 $1,398,888 canadian dollars. This property MLS#: 40145177 has been live on our site for 56 day(s).

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