Incredible investment opportunity! This spacious 2. 5 storey, 2169 sqft legal triplex located in the heart of welland is a rare find! Ideal as a residential rental with three unitslive in one and rent out the other twoor leverage the dmc zoning (full list of permitted uses in supplements) to create a commercial property, including options such as a bed and breakfast, office, store/sales, gym, gallery, pet care, restaurant, retail, hotel, day care, community centre, church, group/retirement home, long term care, multiple units, and more! The property offers two driveways (one on each side) with space for up to 15 vehicles, leading to a triple car garage. Built in 1920, this home retains its original charm with gorgeous hardwood flooring, 9 ft ceilings on the main floor, built-in cabinetry throughout, swinging mirrored doors, and a built-in kitchen table with seating and storage cubbies in the main units formal dining room. The triplex includes: a main floor bachelor unit, a main floor 2-bedroom unit featuring a large 4 pc bath, expansive foyer, formal dining room, separate kitchen, and covered front porch, plus an upper 2-bedroom unit with extra closet space, a covered sunporch off the living room, and a private third-floor bedroom. Two separate hydro meters serve the units. The basement is partially finished with a 4th bathroom and has been utilized as an additional bedroom with a large egress window. Electrical is updated with a 200 amp panel, separate 100 amp service, and copper wiring. This property is ready for your finishing touches and represents a phenomenal investment opportunity! Note: property is being sold in an "as is, where is" condition. Seller is related to the listing agent.
Listing IDX12438455
Address290 Division Street
CityWelland, Ontario
Price$525,000
Bed / Bath5 / 4 Full
Style2 1/2 Storey, Triplex
ConstructionBrick, Stucco (Plaster)
Land Size6321
TypeMulti-Family
StatusFor Sale
