290 Division Street Welland, Ontario L3B 4A4

$525,000

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. (id:61215)

Property Details

MLS® Number	X12438455
Property Type	Multi-family
Community Name	768 - Welland Downtown
Equipment Type	Water Heater
Parking Space Total	15
Rental Equipment Type	Water Heater

Building

Bathroom Total	4
Bedrooms Above Ground	5
Bedrooms Total	5
Amenities	Separate Electricity Meters
Basement Development	Partially Finished
Basement Type	Full (partially Finished)
Exterior Finish	Brick, Stucco
Flooring Type	Hardwood
Foundation Type	Block
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	3
Size Interior	2,000 - 2,500 Ft2
Type	Triplex
Utility Water	Municipal Water

Parking

Detached Garage
Garage

Land

Acreage	No
Size Depth	126 Ft ,4 In
Size Frontage	50 Ft
Size Irregular	50 X 126.4 Ft
Size Total Text	50 X 126.4 Ft

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Living Room	3.23 m	4.04 m	3.23 m x 4.04 m
Second Level	Bedroom	4.04 m	3 m	4.04 m x 3 m
Second Level	Kitchen	4.39 m	3.56 m	4.39 m x 3.56 m
Main Level	Bedroom	4.11 m	2.82 m	4.11 m x 2.82 m
Main Level	Living Room	5.64 m	3.71 m	5.64 m x 3.71 m
Main Level	Dining Room	4.14 m	3.43 m	4.14 m x 3.43 m
Main Level	Kitchen	3.56 m	3.02 m	3.56 m x 3.02 m
Main Level	Primary Bedroom	6.86 m	3.89 m	6.86 m x 3.89 m
Main Level	Bedroom	2.54 m	1.83 m	2.54 m x 1.83 m
Main Level	Kitchen	2.54 m	1.83 m	2.54 m x 1.83 m
Other	Bedroom	4.39 m	2.29 m	4.39 m x 2.29 m

https://www.realtor.ca/real-estate/28937764/290-division-street-welland-welland-downtown-768-welland-downtown