94 Empire St
Welland, L3B 2L4
FOR SALE
$949,000
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7
BEDROOMS4
BATHROOMS3
KITCHENS10
ROOMSX8120008
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Property Description
PRIME INVESTMENT OPPORTUNITY: COMMERCIAL + RESIDENTIAL. Are you looking for a property that offers a perfect blend of potential rental income and business space? Look no further! This meticulously maintained mixed-use property is now available for sale, featuring one commercial unit and three residential units. The commercial unit was leased for $1500/month previously which is currently now vacant. 2 bed apartment on the main level is currently leased for 1600/month and the 2 bed apartment on the upper level is currently leased for $1300/month to AAA tenants. 3 bed apartment on upper level is currently listed for $1800/month making the total rental potential for this property more than $6000/month. This property presents an excellent investment opportunity with multiple income streams. The commercial unit can provide steady rental income, while the residential units offer long-term tenants. Don't miss out on this amazing oppurtunity!!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-11-30 | 2021-12-31 | 32 | $589,990 | $750,000 | Sold |
| 2021-09-28 | 2021-12-01 | 64 | $850,000 | - | Terminated |
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Property Details
Street
City
Property Type
Fourplex, 2-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
33' x 114'
Fronting
East
Taxes
$4,100 (2024)
Basement
Full, Part Fin
Exterior
Alum Siding, Stone
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Detached
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Listing contracted with Revel Realty Inc.
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BUILDING UNDER POWER OF SALE , This Centrally Located building Loads Of potential , comes with approval from the city to be developed to mid rise building ! property currently Offers 3-Two Bedroom Units, And 1-One Bedroom Unit. This Property Has Separate Hydro Meters & 4 Parking Spots. Close To Parks, Shopping, Schools, & Amenities. Features Area Influences: School Bus Route
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