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585 King Street Welland, Ontario L3B 3L3

Central Air Conditioning Baseboard Heaters, Forced Air

$1,249,900

Impressive Cashflow investment opportunity offered at 5.5% Cap Rate. Located in downtown Welland, this Legal multiplex with 7 apartments contains 3 two-bedroom and 4 one-bedroom units with the majority of the units renovated. Offering 6 parking spots and much more. This turn-key multiplex won't last long. Extensive renovations include roof replacement in 2019, most Windows and entrance doors replaced, Upgraded Electrical and fire alarms, major plumbing upgrades, main water line, and new meter upgrade, 3 new furnaces, 2 new A/C units, legal conversion of 2 commercial units to residential units along with additional renovations to the majority of units. (id:26105)

Property Details

MLS® Number 40347478
Property Type Other
Amenities Near By Hospital, Park, Public Transit, Schools
Community Features School Bus
Features Park/reserve
Parking Space Total 6

Building

Appliances Water Meter
Basement Development Unfinished
Basement Type Full (unfinished)
Cooling Type Central Air Conditioning
Exterior Finish Brick, Vinyl Siding
Fire Protection Alarm System
Fireplace Present No
Heating Fuel Natural Gas
Heating Type Baseboard Heaters, Forced Air
Stories Total 2
Size Exterior 4282.0000
Utility Water Municipal Water

Land

Access Type Highway Nearby
Acreage No
Land Amenities Hospital, Park, Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 39 Ft
Size Total Text Under 1/2 Acre
Zoning Description Cc2

https://www.realtor.ca/real-estate/25050108/585-king-street-welland

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