56 Hellems Ave , Welland, ON L3B
Welland, ON L3B
Description
ATTENTION INVESTORS! Unique Opportunity to buy a building where all of the heavy lifting has been done. The building is currently vacant and the demolition has been started and is ready for you to take this project to the next level! Current approval for 10 residential units on the second floor is in place. Potential for mixed use on the main level, proposed for an additional 6-8 residential units plus a commercial unit. Get started with redevelopment on the second floor while you plan out the main level and set your own rents! Plus a bonus of over 7,500 Sqft of unutilized space in the basement. Perfect project for CMHC Financing with great Cashflow potential, in the heart of Wellands downtown core. This property has a prime corner location with high visibility frontage with public transportation, shopping, dining and entertainment all nearby.
Details
| MLS# | X10406615 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 168 |
| Listing Provided By | RE/MAX ESCARPMENT GOLFI REALTY INC. | Not Provided |
Features
| Basement | Y |
|---|---|
| Zoning | DMC |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Welland |
| City | Welland |
| Postal Code | L3B |
| Area | Niagara |
| Listing VS Median (In L3B) | |
Price: $1,194,900 low | high Med: $1,950 On site: 168 low | high Med: 207.000000 | |