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Great investment opportunity! Solid Commercial/Residential building fully rented located in the heart of Welland! 4 Residential Units + Commercial Store on a great lot,with a site plan approved for additional 4 apartments. Potential of adding 4 more apartments to existing structure (1 studio & 3 x 1 Bedroom). Current annual rent is $65,640 (approx.) 4000 sq. ft. per floor. 3 x 2-bedroom & 1 x 3-bedroom apartments. Building renovated in 2016. Roof updated 2017. Close to Welland Canal,Hospital,bus route,shopping and amenities,easy access to HWY. New Homes being built from Empire Homes right across from the building! Several grants are available from the city. This is your chance to invest in one of the fastest-growing areas of Niagara! Plenty of potentials here with large residential & commercial developments in the surrounding area. (id:24093)
Listed by ROBBY PRUTHI of COSMOPOLITAN REALTY

Property Details of 35 Ontario Road

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"Based on information submitted to CREA as of October 27, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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