38 Division Street, Welland
- Bedrooms: 4
- Bathrooms: 3
- Living area: 3400 square feet
- Added: 3 days ago
- Updated: 3 days ago
- Last Checked: 2 hours ago
Rare purpose built 4 plex building opportunity for purchase in the heart of Welland, downtown! LIVE, WORK & PLAY with this Solid mixed-use building in downtown core, currently fully leased with 3 residential apartments and 1 commercial unit. The main floor is a commercial unit current used as a Salon with a long term lease in place. The 3 Residential units are very spacious and have solid, quality tenants with potential for future large lease increases! Many possibilities here. Has its own driveway access and 3 car parking in the rear. Newer Roof 2023, lots of upgrades, including unit 1 fully renovated and Salon. Many incentives in the downtown core available. Full financial statement and feature sheets attached in the listing. (id:1945)
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Property DetailsKey information about 38 Division Street
- Cooling: None
- Heating: Radiant heat
- Stories: 2
- Structure Type: Fourplex
- Exterior Features: Brick
- Building Type: Mixed-use
- Total Units: 4
- Current Lease Status: Fully leased
- Residential Units: 3
- Commercial Units: 1
Interior FeaturesDiscover the interior design and amenities
- Basement: None
- Living Area: 3400
- Bedrooms Total: 4
- Above Grade Finished Area: 3400
- Above Grade Finished Area Units: square feet
- Above Grade Finished Area Source: Other
- Main Floor Commercial Unit: Type: Salon, Lease Status: Long term lease in place
- Residential Units: Size: Very spacious, Tenant Quality: Solid, quality tenants, Potential for Lease Increases: Yes
- Renovations: Unit 1: Fully renovated, Salon: Upgraded
Exterior & Lot FeaturesLearn about the exterior and lot specifics of 38 Division Street
- Water Source: Municipal water
- Parking Total: 3
- Driveway Access: Own driveway access
- Parking: 3 car parking in the rear
- Roof: Condition: Newer, Year: 2023
Location & CommunityUnderstand the neighborhood and community
- Directions: Main And Niagara
- Common Interest: Freehold
- Subdivision Name: 768 - Welland Downtown
- Community Features: Community Centre
- Neighborhood: Downtown Welland
- Community Features: Many incentives in the downtown core available
Business & Leasing InformationCheck business and leasing options available at 38 Division Street
- Commercial Lease: Long term lease in place for Salon
- Residential Lease Potential: Potential for future large lease increases
Property Management & AssociationFind out management and association details
- Financial Statements: Full financial statement and feature sheets attached in the listing
Utilities & SystemsReview utilities and system installations
- Sewer: Municipal sewage system
Tax & Legal InformationGet tax and legal details applicable to 38 Division Street
- Tax Annual Amount: 4114.02
- Zoning Description: DMC
Additional FeaturesExplore extra features and benefits
- Number Of Units Total: 4
- Possibilities: Many possibilities here
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