462 East Main Street Welland, Ontario L3B 3X6

6 Bedroom 2 Bathroom 1,735 sqft
None Forced Air

$474,900

Excellent addition to your investment portfolio! Located at 462 East Main St, this updated duplex features two massive 3-bedroom units with separate hydro meters, fully renovated kitchens, and updated exterior siding. While functioning as a fantastic, low-maintenance income property today, the strategic location and CC2 (Community Commercial Corridor) zoning offer incredible long-term land value and development potential. Perfectly positioned near major shopping, downtown amenities, and immediate highway access. A rare find that blends immediate cash flow with future upside! Potential to have this property as a part of a larger parcel (adjoining 2 lots available for sale as well). Proposed 8-storey, 28 unit building. Pre-construction meeting completed. NOTE FINANCIAL SUMMARY / PROJECTIONS ARE IN ATTACHEMENTS. Due to recent severance of lots, a current ARN is not available and legal description may change upon reference plan review. (id:15069)

Property Details

MLS® Number 40851144
Property Type Multi-family
Amenities Near By Hospital, Place Of Worship, Public Transit, Schools, Shopping
Parking Space Total 2

Building

Bathroom Total 2
Bedrooms Total 6
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1920
Cooling Type None
Exterior Finish Vinyl Siding
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1,735 Sqft
Type Duplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Hospital, Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 113 Ft
Size Frontage 76 Ft
Size Total Text Under 1/2 Acre
Zoning Description Cc2

https://www.realtor.ca/real-estate/30079798/462-east-main-street-welland

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