42 Riverside Dr Welland, Ontario L3C 5E2
$599,000
Unique Investment opportunity with this legal Multi-Unit (4) located directly on the Welland River! *VACANT POSSESSION AFTER APRIL 1/24* Possibilities are endless with this 4 unit property consisting of 1 - 3 bedroom unit, 2 - 1 bedroom units, and a Bachelor unit. Separate hydro meters for unit 3 & 4, and shared hydro meter for unit 1 & 2. Walk out Entrance from Lower LeveL Flat Roof replaced in 2013. Heated by efficient boiler system. Building does need work to get current market rent values which are estimated at approximately $1800/month + hydro for 3 bed, $1600/month + hydro for each - 2 bedroom units, $1000/month + hydro for Bachelor unit giving it a potential total gross rent of $6000/month or $72,000/yr! The potential of this property alone makes it worth a look to see if the numbers may work for you! (id:46317)
Property Details
| MLS® Number | X8033618 |
| Property Type | Single Family |
| Parking Space Total | 6 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Cooling Type | Wall Unit |
| Exterior Finish | Vinyl Siding |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Type | Fourplex |
Land
| Acreage | No |
| Size Irregular | 45 X 70 Ft |
| Size Total Text | 45 X 70 Ft |
https://www.realtor.ca/real-estate/26464568/42-riverside-dr-welland
Broker of Record
(905) 357-1700
8685 Lundys Lane #3
Niagara Falls, Ontario L2H 1H5
(905) 357-1700
(905) 357-1705
HTTP://www.revelrealty.ca
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March 19 2024 03:28:11
Toronto Real Estate Board
Revel Realty Inc.