$1,199,900 268 EAST MAIN Street, Welland ON, L3B3W9

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MLS ID: 30615293 No Garage Return to Featured Listings

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Turn-key income property in the heart of downtown Welland. 11 units total, 10 Residential with a large commercial space, currently a thriving Breakfast and Lunch Restaurant. Just seconds to the brand new 4 lane HWY 406 extension to reach the entire Niagara Region and US border quickly. North End Welland Businesses with Multiple plazas including Canadian Tire, Walmart Superstore and Rona are a short drive. The new General Electric Plant in construction is located at the end of the East Main Street. Exterior is a mix of Brick and Stucco and in good shape. Roof and Upper 5 units built in 2007 all in quality condition. Updated plumbing and electrical, all new vinyl windows 2007. Two on demand Boilers installed in 2007 with self-control heating. On Demand Hot water tank system installed in 2007. Fire Retro fit completed in 2008. Environmental testing completed in 2010 – phase 1 and Phase 2. Great tenant profile with a very low vacancy rate and with all Units close to or at Market rents. Low maintenance property with further income potential in the high and dry basement. This property has an attached building lot in the rear of the property facing Dorothy Street which is currently used as a parking lot and is listed separately for $129,900 but can be sold as a package with the main property. Email or call Eli for further information and ROI/Proforma details. (id:15178)


General Information
MLS® ID 30615293
Garage/Parking No Garage
Sewer Sanitary sewer, Storm sewer

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