35 Bedroom
15,000 ft2
Other
$4,500,000
Located just off the 406 and minutes from Niagara College, this well-positioned 18-unit multifamily asset offers a strategic blend of stability andupside potential in one of Niagaras most desirable rental corridors. The building has seen extensive recent improvements including freshlypainted main hallways, new flooring and baseboards (2022), and renovated kitchens, bathrooms, and interiors in the majority of units. A select number of suites remain primed for value-add upgrades and rent optimization. Key operational advantages include separately metered hydro, Coinamatic laundry, tenant storage units, a modern security system, and ample on-site parking all enhancing tenant satisfaction and reducing owner overhead. ?? Investment Highlights: 18 updated residential units Majority of renovations completed Prime rental location near 406 &Niagara College Coin-operated laundry & tenant storage Separate hydro meters & security system Value-add potential with strong rent growth upside This is an excellent opportunity for investors seeking turn-key performance with long-term value growth in a thriving rental market. (id:61594)
Business
|
Business Type
|
Residential |
|
Business Sub Type
|
Apartments |
Property Details
|
MLS® Number
|
X12196052 |
|
Property Type
|
Multi-family |
|
Community Name
|
773 - Lincoln/Crowland |
|
Amenities Near By
|
Highway, Public Transit |
|
Parking Space Total
|
20 |
Building
|
Bedrooms Total
|
35 |
|
Age
|
51 To 99 Years |
|
Heating Type
|
Other |
|
Size Exterior
|
15000 Sqft |
|
Size Interior
|
15,000 Ft2 |
|
Type
|
Multi-family |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Highway, Public Transit |
|
Size Depth
|
201 Ft |
|
Size Frontage
|
108 Ft |
|
Size Irregular
|
Bldg=108 X 201 Ft |
|
Size Total Text
|
Bldg=108 X 201 Ft |
|
Zoning Description
|
Rm |
https://www.realtor.ca/real-estate/28416360/951-east-main-street-welland-lincolncrowland-773-lincolncrowland
