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109-111 Division Street Welland, Ontario L3B 3Z8

Central Air Conditioning Forced Air

$1,588,888

Downtown investment opportunity! Located on a downtown corner lot and only steps away from the Welland Market and the Welland Canal, this 12,250sqft building has endless possibilities, including the potential for 12 residential units plus 1 commercial unit. The second floor could have 6 residential units, the main floor could have 5 residential and 1 commercial storefront and the basement could be a 2-bedroom residential unit with egress windows and side access. Furnace system done in 2018 and heats/cools the second floor. Two newer furnaces handle the commercial space and the 1900sqft warehouse area has its own. Two more floors could be added to the back of the building. In the City of Welland, commercial spaces can be converted to 75-85% residential and the rest a commercial storefront. Developer incentive opportunities could include a city façade program for the front and side (corner lot) and freezing property taxes with qualifying improvements. Buyer to complete their own due diligence. Zoning: Downtown Mixed Use-which includes a variety of commercial/residential uses. Must be sold with the building next door (115-117 Division St MLS#40111409). (id:19661)

Property Details

MLS® Number 40111402
Property Type Office
Amenities Near By Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Equipment Type None
Features Corner Site, Park/reserve, Paved Driveway
Parking Space Total 15
Rental Equipment Type None
Sign Type Signband

Building

Basement Development Unfinished
Basement Type Partial (unfinished)
Constructed Date 1931
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick
Fire Protection Alarm System
Fireplace Present No
Flooring Type Concrete
Heating Type Forced Air
Stories Total 2
Size Exterior 12254.0000
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 165 Ft
Size Frontage 66 Ft
Size Irregular 0.251
Size Total 0.251 Ac|under 1/2 Acre
Size Total Text 0.251 Ac|under 1/2 Acre
Zoning Description Dmc-downtown Mixed Use

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/23203655/109-111-division-street-welland