42 Riverside Drive, 772 - Broadway in Welland, ON
This is a Multi-family Listing.
42 Riverside Drive, 772 - Broadway in Welland
Unique Investment opportunity with this legal Multi-Unit (4) located directly on the Welland River! *VACANT POSSESSION OF ALL 4 UNITS* Possibilities are endless with this 4 unit property consisting of 1 - 3 bedroom unit, 2 - 1 bedroom units, and a Bachelor unit. Separate hydro meters for unit 3 & 4, and shared hydro meter for unit 1 & 2. Walk out Entrance from Lower LeveL Flat Roof replaced in 2013. Heated by efficient boiler system. Building does need extensive work (update interior finishes throughout) to get current market rent values which are estimated at approximately $1800/month + hydro for 3 bed, $1600/month + hydro for each - 2 bedroom units, $750/month + hydro for Bachelor unit giving it a potential total gross rent of $5750/month or $69,000/yr! The potential of this property alone makes it worth a look to see if the numbers may work for you! Book your showing today! (id:6289)
$499,000
42 Riverside Drive, Welland, Ontario
Essential Information
- MLS® #40534390
- Price$499,000
- Price per Sqft134
- Bedrooms6
- Bathrooms4.00
- Square Footage3,711
- Acres0.00
- Year Built1918
- TypeMulti-family
- Sub-TypeFreehold
- Days on Website97
Amenities
- AmenitiesGolf Nearby, Hospital, Park, Place of Worship, Public Transit, Schools, Shopping
- FeaturesConservation/green belt, Paved driveway
- Parking Spaces6
- Is WaterfrontYes
- WaterfrontWaterfront on river
Exterior
- ExteriorVinyl siding
- FoundationBlock
Community Information
- Address42 Riverside Drive
- Subdivision772 - Broadway
- CityWelland
- Postal CodeL3C5E2
Interior
- HeatingNatural gas Radiant heat
- CoolingWall unit
- # of Stories2
Listing Details
- Listing OfficeREVEL Realty Inc., Brokerage