42 Riverside Dr
Welland, L3C 5E2
FOR SALE
$399,000
Sold
$325,000
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6
BEDROOMS4
BATHROOMS4
KITCHENS14
ROOMSX8314396
MLSIDContact Us
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-07 | 2024-06-03 | 28 | $399,000 | $325,000 | Sold |
| 2024-01-31 | 2024-04-26 | 87 | $499,000 | - | Expired |
| 2023-09-27 | 2023-12-31 | 96 | $600,000 | - | Expired |
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Property 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!
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Property Details
Street
City
Property Type
Fourplex, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
45' x 70'
Fronting
East
Taxes
$4,534 (2023)
Basement
Full, Unfinished
Exterior
Vinyl Siding
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
None
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