42 Riverside Drive, Welland ON L3C 5E2

$ 549,000
42 Riverside Drive, Welland ON L3C 5E2,
Favorite
Your search results

Overview

  • Updated On:
  • April 13, 2024
  • 6 Bedrooms
  • 4 Bathrooms
  • 2,474 ft2

Description

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!

Address: 42 Riverside Drive, Welland ON L3C 5E2
City:
State/County:
Zip: L3C 5E2
Country: CA
Open In Google Maps
Property Id : 1390622
Price: $ 549,000
Property Size: 2,474 ft2
Bedrooms: 6
Bathrooms: 4
Other Features
Has Heating System
Has Waterfront
Open Parking
Other
Refrigerator
Separate Heating Controls
Separate Hydro Meters
Stove
$ 2,128.58
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 2,128.58

Mazher Latif

Real Estate Agent
Member of: Cityscape Real Estate Ltd., Brokerage

Contact Me

Schedule a showing?
Call +1 (519) 209-6934 WhatsApp

Similar Listings

17
Multi Residential Investment
Active

264-266 West Street, Simcoe ON N3Y 1T3

$ 429,900
Attention Investors & first time buyers – with VACANT POSSESSION of the upper un ...
Attention Investors & first time buyers – with VACANT POSSESSION of the upper unit where you can set your ...
4 2 1,712 ft2details
Multi Residential Investment
Active

14 Nile Street, Stratford ON N5A 4B8

$ 1,699,900
A Truly Exceptional Century Residence located steps away from Lake Victoria and City Core. ...
A Truly Exceptional Century Residence located steps away from Lake Victoria and City Core. A unique chance to purch ...
7 6 4,392 ft2details
21
Multi Residential Investment
Active

585 Colborne Street, London ON N6B 2V1

$ 849,900
Prime Location Triplex in London, Ontario – Ideal Investment Opportunity: Welcome to ...
Prime Location Triplex in London, Ontario – Ideal Investment Opportunity: Welcome to this well-maintained tri ...
24
Multi Residential Investment
Active

763 Colborne Street, London ON N6A 3Z8

$ 849,900
Exciting Update on Rental Property! Achieving a 5.1% Cap Rate with Over $50,000 in Gross I ...
Exciting Update on Rental Property! Achieving a 5.1% Cap Rate with Over $50,000 in Gross Income! Explore this prope ...
6 3 1,872 ft2details

Compare Listings

Mazher Latif