174 SOUTHWORTH Street North Welland, ON

Extremely well maintained, solid 4 unit property. Fully tenanted with long term tenants. This property has tons of upside potential. Due to long term tenants, current rents are below market value. This property features four 2 bedroom apartments in great condition. Each unit is separately metered but owner currently pays hydro. Vinyl windows updated approx 2005. Roof shingles replaced approx 2007. Hot water boiler & 2 hot water tanks owned are approx 8 years old. This property is slated to be zoned RM once Welland’s new zoning by-law is passed offering great future potential allowing for additional units to be added on to existing building or also allowing for townhouse, condo tower or apartment building. This building currently sits on a large lot and has parking for 6 to 8 cars. Maybe potential for severance. Buyer to do due diligence. This is an amazing investment opportunity to get a great building with many future possibilities.


Property Type:
Multi-family
Building Type:
Duplex
Ownership Type:
Freehold
Style:
2 Level, Multi-Unit
Basement:
Partial (Unfinished)
Exterior Finish:
Stucco, Wood
Heating:
Electric

Information Request

  • $550,000
  • No Garage
  • MLS® ID: 30582098
  • For sale
Print Details

Team Member

shawn

Shawn de Laat

Sales Representative/Team Leader