169-173 East Main Street Welland, Ontario L3B 3W7

Forced Air


Building is currently 3 Apts and 2 commercial units. Current rents total $2800, plus you could receive $1500/month for owners unit therefore current rents $4300. Plans drawn up by engineer and can be provided to add 3 or 4 additional apartments each collecting approx $1000/month, giving you total income of $8300/month once renovations completed and units rented. Each unit pays their own hydro. Possibility to add the four units and then add 4 additional above., buyer to do own due diligence and check with the city on what is permitted. Also may be available are grants from the City to build/renovate these 4 apts in the back., up to $15,000/apartment. Seller can direct to which application grants these are if needed. Seller willing to hold portion in VTB for right buyer and down payment (id:19661)

Property Details

MLS® Number 40077200
Property Type Other
Amenities Near By Public Transit
Features Paved Driveway


Basement Development Unfinished
Basement Type Full (unfinished)
Construction Style Attachment Attached
Fire Protection Smoke Detectors
Fireplace Present No
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Exterior 7600.0000
Utility Water Municipal Water, Unknown


Acreage No
Land Amenities Public Transit
Sewer Sanitary Sewer
Size Depth 165 Ft
Size Frontage 49 Ft
Zoning Description Com Ru 471