141* Plymouth Rd

Welland, L3B3C8
For Sale
$2,950,000
141* Plymouth Rd, Welland
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
141* Plymouth Rd
Apartment
CATEGORY
12,572 Sq Ft
TOTAL AREA
X9351928
MLSID
Contact Us
Property Description
A unique opportunity in the heart of Welland, it's a gem waiting to be polished! Buy and Hold or develop (a proposed 10-storey 149 unit purpose built apartment building)! Sitting just shy of an acre, this property is nestled within walking distance to parks, public transportation, amenities and critical public infrastructure. The mixed use site offers a multitude of avenues to maintain, stabilize or increase income streams for its future owner. Property is not leased to max capacity providing an opportunity to update/reno suites and bring in tenants at increased rental rates. The proximity to Welland County General Hospital provides an incredible opportunity to take advantage of the mixed use zoning, (INSH) Institutional Services & Health, allowing investors to potentially provide needed commercial services to the public in the area. Lots of upside with this property from multiple angles.
Property Details
Category
Apartment
Usage
Apts-13 To 20 Units
Zoning
Insh
Total Area
12,572 Sq Ft
Office/Apartment Area
12,572 Sq Ft
Taxes
$26,815 (2023)
Air Conditioning
Yes
Listing contracted with Colliers
Similar Listings
55 MCALPINE Ave S, Welland
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23 unit building built in 1993. Comprised of 8 x 1 Bed, 15 x 2 Bed. 6.2% cap rate with full expenses for Maintenance, Super, Vacancy and Management. Currently self managed. Significant upside on current rents. Tenants pay own hydro. 30 Parking Spots. Great location close to all amenities.
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