Four-plex Apt building under power of sale with exceptional redevelopment potential situated on a Oversized lot for the area. The property has received City of Welland approval for a minor variance supporting a 30-unit mid-rise development, consisting of 30 residential units with surface parking in 2023. The existing building currently contains four self-contained units with separate metering available, all of which are vacant. Ideal for Renovator /Investor to renovate all the rental units and lease out at market rents or rebuild. The site is zoned RM - Medium Density Residential which allows develop as mentioned or on a smaller scale. Don't Miss this Opportunity ! (id:15069)
| MLS® Number | X12690258 |
| Property Type | Multi-family |
| Community Name | 768 - Welland Downtown |
| Parking Space Total | 5 |
| Bathroom Total | 4 |
| Bedrooms Above Ground | 7 |
| Bedrooms Total | 7 |
| Age | 51 To 99 Years |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Cooling Type | None, Window Air Conditioner |
| Exterior Finish | Aluminum Siding |
| Foundation Type | Brick, Concrete |
| Heating Type | Other |
| Stories Total | 2 |
| Size Interior | 0 - 699 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 138 Ft |
| Size Frontage | 70 Ft |
| Size Irregular | 70 X 138 Ft |
| Size Total Text | 70 X 138 Ft|under 1/2 Acre |
| Zoning Description | Rm, Rl2 |
| Cable | Available |
| Electricity | Available |
| Sewer | Installed |
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