Address
50 NIAGARA Street Welland, ON
Price
$ 1,100,000
Property Attributes
  • ID#40088206
  • TypeMulti-Family
  • CityWelland
  • AreaMississauga
  • NeighbourhoodMarket Square
  • Postal CodeL3C 1H9
  • Style
  • Price$ 1,100,000
  • Bedrooms5
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3458
Listing Provided Courtesy Of:
Albert Lai with Re/Max Realty Specialists Inc.(St)
Data Source:
RLP - CREA EN
Property Description

Vendor Take Back Financing Available up to 75% of the Sold Price at Current Commercial Mortgage Rate **************** Asking Price include 50 Niagara St and 52 Niagara St. Total lot size 41.90 Feet X 60.56 Feet. Current Zoning is DMC per MPAC. Land Site Area 2497 Sq FT. Approx 3458 Fq Ft Detached Building Located in Downtown Welland Backs onto Welland Canal, walk to City Hall. Restaurant, Shops. About 5 Minutes Drive to Niagara College Welland Campus Over 9,000 Students. Per MPAC Measurement: Ground Floor, ceiling height 12.6 Feet, 1291 sq ft + 438 Sq Ft at the back + 2nd Floor, ceiling height 8 feet, 1729 Sq Ft + unfinished basement, Ceiling Height 6.8 Feet, 1729 Sq Ft. 4 Separate Hydro Meters, currently used as 4 residential units and 1 commercial unit. Ground Floor: Unit #1, 1 bedroom unit, 1 X 3 Piece washroom, kitchen, $700 / month + Unit #2, being used as a commercial unit, 1 X 3 piece washroom, $800 / month + Unit #3, unit at the back, Bachelor unit, 1 X 3 Piece washroom, kitchen, $550 / month. Second Floor: Unit #4, 3 bedroom unit, 1 X 4 Piece washroom, kitchen, Currently Vacant + Unit #5, 1 bedroom, 1 X 4 Piece washroom, kitchen, $800 / month.Approx 1729 Sq Ft open concept unfinished basement below 50 and 52 Niagara St with 6.8 Feet ceiling height.All Tenants are month to month, Landlord pays heat, hydro and water. Buyer to assume Tenants on closing.Buyer to assume the Furnace and Hot Water Heater rental on closing.Buyer And Buyer Agent To Do His Own Due Diligence. Property In "As Is, Where Is". No Warranties Or Representations By Sellers / Agents. No Property Survey. Welland Is A Growing Town Over 52,000 People Population With Welland Canal, Niagara College Welland Campus with close to 10,000 Student Populations, Seaway Mall, Conservation Area, Merritt Island, 3 Golf Courses Etc. 20 Minutes To Niagara Falls, St. Catharines And Port Colborne. The Welland Canal is a major part of the St. Lawrence Seaway.

General Features

Beds 5

Interior Features

Bedrooms 5

Exterior Features

Lot Frontage 41.90
Jumpid 14689587
Mls 40088206

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in L3C 1H9

Price
AVG $1.1M
$1.1M
Visits
AVG 430
430
Year Built
AVG 1870
1870
Walkscore
AVG 49
49
Data Provided by Walkscore ® not using MLS data