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109-111,115-117 Division Street Welland, Ontario L3B 3Z8

Central Air Conditioning Forced Air, Hot Water Radiator Heat, Radiator, Steam Radiator

$2,987,776

Major downtown investment opportunity! Located on a half-acre downtown high-traffic corner and only steps away from the Welland Market and the Welland Canal, these two buildings offer about 23,500 square feet of endless possibilities, including the potential for 2 commercial units with 34 residential units (with 2 additional floors added to back sections of each building). In the City of Welland, commercial spaces can be converted to 75-85% residential and the rest a commercial storefront. Developer incentive opportunities could include a city façade program and freezing property taxes with qualifying improvements. Buyer to complete their own due diligence. Zoning: Downtown Mixed Use-which includes a variety of commercial/residential uses. The two buildings must be sold together: 109-111 Division St (MLS#40145176) and 115-117 Division St (MLS#40145177). (id:26105)

Property Details

MLS® Number 40145178
Property Type Other
Amenities Near By Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Features Corner Site, Park/reserve

Building

Basement Development Unfinished
Basement Type Partial (unfinished)
Construction Material Concrete Block, Concrete Walls, Wood Frame
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick, Concrete, Wood
Fireplace Present No
Heating Fuel Electric
Heating Type Forced Air, Hot Water Radiator Heat, Radiator, Steam Radiator
Stories Total 2
Size Exterior 23414.0000
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 160 Ft
Size Frontage 132 Ft
Size Irregular 0.502
Size Total 0.502 Ac
Size Total Text 0.502 Ac
Zoning Description Dmc-downtown Mixed Use

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/23469563/109-111115-117-division-street-welland

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