$1,100,000

50 Niagara Street

Welland ON, L3C 1H9

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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. 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.

Details

MLS#40088206
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1870
Days On Site21

Features

SQ Feet3,458
Units5
Building(s)1
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The Mink Group

The Mink Group

 (905) 484-2753Contact Me Form Link
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Area Information
ProvinceON
CountyNiagara
CityWelland
Postal CodeL3C 1H9
AreaWelland
Listing VS Median (in L3C 1H9)
Price:
$1,100,000
low | high
Med:
$1,100,000
50% of Average
SqFt:
3,458
low | high
Med:
3,458
50% of Average
$ / SqFt:
$318
low | high
Med:
$318
50% of Average
On Site:
21
low | high
Med:
21
100% of Average
Sourced by Back At You
Listing Updated: April 15, 2021 8:00:42 PM PDT
Albert Lai LogoMLS Number: 40088206
Listing Provided By:
Albert Lai  of  RE MAX REALTY SPECIALISTS INC.(ST)
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