Address
276 KING Street Welland, ON
Price
$ 4,000,000
Property Attributes
  • ID#40100165
  • TypeMulti-Family
  • CityWelland
  • AreaMississauga
  • NeighbourhoodMarket Square
  • Postal CodeL3B 3J8
  • Style
  • Price$ 4,000,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Albert Lai with Re/Max Realty Specialists Inc.(St)
Data Source:
RLP - CREA EN
Property Description

Price Include 2 Legal Title: 268 and 276 King St and the postal address 268+270+272+274+276+278 King St + Detached Warehouse Facing Albert St. ** Up to 75% Vendor Take Back Financing Available ** Combined Frontage 88 Feet. 4 Bldgs + 1 Detached Warehouse (Potential to convert back into a Winery OR Start a New Marijuana / Cannabis Cultivation Facility OR Build a 10 Residential Units for Additional Income). Current Use is Laundromat/Take Out Restaurant/Retail/Mix Use Of Residential/Commercial Bldg In Downtown Welland. About 7 Minutes Drive to Niagara College Welland Campus. Total lot size 88 Feet X 110.22 Feet. Current Zoning is DMC per MPAC. Land Site Area 9,699.36 Sq Ft. Per MPAC: Buildings were Built in different stages; 1920, 1930 and 1940.Total Floor Area 16,344 Sq Ft, Total Int. Office Area 4,295 Sq Ft. Main Flr Ceiling Height Varies from 12 Ft to 15 Ft, 2nd Flr Ceiling Height Varies from 8 Ft to 9.5 Ft, Unfinished Bsmt Ceiling Height Varies from 6.5 Ft to 6.6 Ft. 268 King St and 272 King St are 2 bachelors (or can be used as offices), 274 King st has two 3-bdrms apartments upstairs, 278 King st has 2 commercial Store Main Flr (currently a laundromat and a Take-Out Restaurant), 2nd Flr contains 10 rooms office space before, can be converted into two 3-bdrms. 5 Kitchens + 11 Washrooms + 10 Parking. Current 16 Rooms Units. Potential Total Gross Income About $20,000/Month or $240,000/Year and More. Rental: Furnace,Central Air Conditioner,Hot Water Heater NO Property Survey. Property being Sold in “AS IS-WHERE IS”, No Warranties/representation from Seller/Agents. 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

Exterior Features

Lot Frontage 88.00
Jumpid 14860745
Mls 40100165

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 L3B 3J8

Price
AVG $2.86M
$4M
Visits
AVG 208
274
Year Built
AVG 1920
1920
Walkscore
AVG 55
55
Data Provided by Walkscore ® not using MLS data

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