$1,194,900
Available - For Sale
Listing ID: X10406615
56 Hellems Ave , Welland, L3B 3A9, Ontario
| ATTENTION INVESTORS! Unique Opportunity to buy a building where all of the heavy lifting has been done. The building is currently vacant and the demolition has been started and is ready for you to take this project to the next level! Current approval for 10 residential units on the second floor is in place. Potential for mixed use on the main level, proposed for an additional 6-8 residential units plus a commercial unit. Get started with redevelopment on the second floor while you plan out the main level and set your own rents! Plus a bonus of over 7,500 Sqft of unutilized space in the basement. Perfect project for CMHC Financing with great Cashflow potential, in the heart of Wellands downtown core. This property has a prime corner location with high visibility frontage with public transportation, shopping, dining and entertainment all nearby. |
| Price | $1,194,900 |
| Taxes: | $14720.04 |
| Tax Type: | Annual |
| Occupancy by: | Vacant |
| Address: | 56 Hellems Ave , Welland, L3B 3A9, Ontario |
| Postal Code: | L3B 3A9 |
| Province/State: | Ontario |
| Legal Description: | LT 1 S/S OF DIVISION ST (DIFFIN BLK) PL |
| Lot Size: | 65.49 x 129.09 (Feet) |
| Directions/Cross Streets: | Division Street |
| Category: | Apartment |
| Use: | Apts-13 To 20 Units |
| Building Percentage: | Y |
| Total Area: | 15107.50 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 15108 |
| Office/Appartment Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Approximatly Age: | 51-99 |
| Financial Statement: | N |
| Chattels: | N |
| Franchise: | N |
| Days Open: | 7 |
| Employees #: | 0 |
| Seats: | 0 |
| LLBO: | N |
| Sprinklers: | Y |
| # Trailer Parking Spots: | 0 |
| Outside Storage: | N |
| Rail: | N |
| Crane: | N |
| Soil Test: | Envirn Audit |
| Heat Type: | Other |
| Central Air Conditioning: | N |
| Elevator Lift: | None |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX ESCARPMENT GOLFI REALTY INC. |
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RAY NILI
Broker
Dir:
(416) 837 7576
Bus:
(905) 731 2000
Fax:
(905) 886 7557
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Welland |
| Lot Size: | 65.49 x 129.09(Feet) |
| Approximate Age: | 51-99 |
| Tax: | $14,720.04 |
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